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Keeping owners, managers, and stakeholders up to date on issues affecting their businesses.

The Deadline for Entities to Report BOI is Fast Approaching

Name: Boardman Clark Law Firm
Address: 1 S. Pinckney St., Suite 410, Madison, WI, 53701, United States
Telephone: (608) 257-9521
Price range: $

Jeff Storch, Richard L. Schmidt, LuAnn Peterson, SBWCP | 11.04.24

The January 1, 2025, reporting deadline for entities formed or registered before 2024 is fast approaching. (The reporting deadline for entities formed or registered this year is 90 days after formation or registration.) Many entities waited to file to see if reporting requirements would be changed or eliminated, whether due to new legislation or the results of several lawsuits challenging the CTA and BOI reporting requirements. However, to date no determinative lawsuit decisions or new legislation have changed the general requirements. Waiting until the last minute to report is risky.

05.28.24

2023 Wisconsin Act 73 (“the Act”) was enacted on December 6, 2023, and most of its provisions became effective on May 1, 2024. The Act includes major changes to the regulation of retail sales of alcohol beverages under Wisconsin Statutes Chapter 125.