Corporate Transparency Act Beneficial Ownership Information reporting

37.6(1) Purpose. The purpose of this rule is to clarify that it is not the unauthorized practice of law for nonlawyers to assist clients in determining whether such clients are required to file Beneficial Ownership Information reports pursuant to the Corporate Transparency Act (31 U.S.C. 5336) and to prepare, complete, and file Beneficial Ownership Information reports on behalf of their clients with the Financial Crimes Enforcement Network, a bureau of the U.S. Department of the Treasury. 37.6(2) Beneficial Ownership Information reporting defined. For purposes of this Rule 37.6, “Beneficial Ownership Information reporting” means the filing of any reports or other information required pursuant to the Corporate Transparency Act (31 U.S.C. 5336), including, without limitation, initial reports, updated reports, corrected reports, and exempt reports. September 2024 UNAUTHORIZED PRACTICE—COMMISSION Ch 37, p.3 37.6(3) Scope of practice authorized. It is not the unauthorized practice of law for nonlawyers to assist their clients in determining whether such clients are required to file Beneficial Ownership Information reports pursuant to the Corporate Transparency Act (31 U.S.C. 5336) and to prepare, complete, and file Beneficial Ownership Information reports on behalf of their clients with the Financial Crimes Enforcement Network, a bureau of the U.S. Department of the Treasury. [Court Order September 9, 2024]