Captive insurance companies are likely exempt from filing a Beneficial Ownership Information (BOI) Report under the insurance company exemption to the Corporate Transparency Act (CTA). Likewise, companies that are owned by...more
5/30/2024
/ Beneficial Owner ,
Captive Insurance Company ,
Compliance ,
Corporate Governance ,
Corporate Transparency Act ,
Exemptions ,
FinCEN ,
Insurance Industry ,
Parent Corporation ,
Popular ,
Reporting Requirements ,
Subsidiaries
Beginning January 1, 2024, domestic entities and foreign entities registered to do business in the United States will need to comply with new information reporting requirements relating to their owners, officers, and...more