New Retirement Savings Requirement for Employers New York State enacted legislation in 2021 establishing the Secure Choice Savings Program, a state-facilitated retirement savings requirement for certain private-sector employers. After several years of development, the program is now moving into full implementation, with mandatory compliance deadlines beginning in 2026. Since late 2025, the State has begun…

Under the Corporate Transparency Act, entities exempt from beneficial ownership reporting include government bodies, banks, credit unions, publicly traded companies, and certain tax-exempt organizations. This article outlines who is exempt from beneficial ownership reporting and the specific criteria they must meet. Key Takeaways The Corporate Transparency Act mandates beneficial ownership reporting to increase transparency and…

The Corporate Transparency Act requires certain companies, referred to as “reporting companies,” to file a Beneficial Ownership Information Report to disclose individuals who qualify as beneficial owners. A beneficial owner is defined as someone who directly or indirectly exercises substantial control over a reporting company or owns or controls at least 25% of the ownership…

A Beneficial Ownership Information Report (BOIR) is required to disclose who really owns or controls a business. This report, mandated by the Corporate Transparency Act, helps ensure transparency and prevent financial crimes. This article covers what is beneficial ownership information report you need to know about filing a BOIR, including key requirements and compliance deadlines.…