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Third-party Legal Opinions in connection with Corporate and Business Transactions, Real Estate Financings, Structured Finance and Securitization Transactions
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Arbitration, Drafting Dispute Resolution and Arbitration Clauses, Mediation and Negotiation
We offer a wide range of legal services for complex and routine transactional matters
Our attorneys are uniquely positioned to provide clients with the quality of legal services customarily associated with large law firms, while also providing the personal attention and flexibility that only small law firms can provide – all on a more economical basis.
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Located in the Greater Philadelphia Area and Delaware
General Corporate
Corporate Transactions
Real Estate
Third Party Legal Opinions
LLC & Partnership Advisory
Alternative Dispute Resolution
GABELL BEAVER LLC
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Contact Gabell Beaver today to schedule a consultation with an attorney who specializes in the type of law relevant to your needs.
Our Experience
Gabell Beaver Has 16 Attorneys licensed in PA, NJ, DE & NY
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Navigating The Corporate Transparency Act
The Beneficial Ownership Information Reporting Rule entails a new obligation established by the Corporate Transparency Act and overseen by the Financial Crimes Enforcement Network (FinCEN), operating under the United States Department of the Treasury.
Beneficial Ownership Information filing can be time consuming without FinCEN filing tools. These reports require educating clients, collecting information, filing, managing reminders, and maintaining records.
BOI REPORTING
frequently asked questions
Gain clarity on beneficial ownership regulations and requirements. Stay informed and compliant with our help.
What is the Corporate Transparency Act (CTA) ?
Enacted in 2021, the Corporate Transparency Act (CTA) aims to combat illicit activity including tax fraud, money laundering, and financing for terrorism by capturing more ownership information for specific U.S. businesses operating in or accessing the country’s market. Under the new legislation, businesses that meet certain criteria must submit a Beneficial Ownership Information (BOI) Report to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN), providing details identifying individuals who are associated with the reporting company
The CTA was established to prevent individuals with malicious intent from hiding or benefitting from the ownership of their U.S. entities to facilitate illegal operations which, according to Congress, is a widely-used tactic that affects national security and economic integrity.
What is BOI Reporting ?
Effective January 1, 2024, many companies in the United States must report information about their beneficial owners—the individuals who ultimately own or control the company—to the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury.
Companies required to report are called reporting companies. Reporting companies may have to obtain information from their beneficial owners and report that information to FinCEN.
Do I need an attorney for BOI filing ?
BOI reporting requirements are complex and may necessitate legal guidance and direction. It may be necessary to interpret the many definitions, exemptions, and other provisions under the CTA, as well as interpret organization documents, ownership interests, and other legal instruments under state, local, and foreign law.
What does Gabell Beaver do for BOI filing ?
1. Gabell Beaver will analyze structure of the entity (i.e., corporation, partnership, LLC) to understand direct and indirect ownership of entity and management structure.
2. We will assist in determining whether entity is a “reporting company” under the Corporate Transparency Act (“CTA”).
3. Assist in determining the beneficial owners of entity by calculating percentage ownership interests of entity and analyzing which individuals have substantial control of entity.
4. We will be able to assist our clients clients to process CTA filings with FinCen.
5. To the extent an entity is required to amend their original CTA filing, clients will be able to process any amendments with our guidance.
2. We will assist in determining whether entity is a “reporting company” under the Corporate Transparency Act (“CTA”).
3. Assist in determining the beneficial owners of entity by calculating percentage ownership interests of entity and analyzing which individuals have substantial control of entity.
4. We will be able to assist our clients clients to process CTA filings with FinCen.
5. To the extent an entity is required to amend their original CTA filing, clients will be able to process any amendments with our guidance.
