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The Process of Buying or Selling a Business: The Corporate Transparency Act

Strictly Business

Additionally, and likely most importantly in the context of buying or selling a business, reporting companies are also required to promptly update their BOI report with any modifications to previously submitted information within a 30-calendar-day window from the time of the change.

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The Alert: April – June 2024

Parasec

Lending institutions that want to protect their assets frequently require the use of a qualified independent director before engaging in structured finance, credit, real estate, or securitization transactions. Failure to file before the deadline will result in a risk of prosecution if the ruling in NSBU v.