U.S.-formed Entities Are Exempt from Business Ownership Interest Reports under Corporate Transparency Act
…foreign business entities registered to do business in the U.S. How can my company or its owners avoid filing a BOI beneficial ownership interest report with the U.S. FinCEN at Department of Treasury? Plan ahead. If your foreign business wants to sell goods or services to the United States, you can establish a new subsidiary that will be exempt from BOI reporting. Instead of registering your foreign legal entity in the U.S. with a state government…
