In a recent release, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) made a surprising announcement to refrain from imposing fines and other penalties on entities that fail to file Beneficial Owner Information reports (BOI reports) or fail to update previously-filed BOI reports. In other words, FinCEN will not enforce the looming March 21, 2025 BOI filing deadline at this time. FinCEN’s freeze on enforcement proceedings will continue until final BOI reporting deadlines are imposed. On or before March 21, 2025, FinCEN intends to issue an interim final rule. This interim rule would extend BOI reporting deadlines. In addition, the expectation is that FinCEN will further revise BOI reporting requirements separate and apart from the reporting deadlines. Those revisions are expected to ease filing requirements consistent with FinCEN’s commitment to reduce burdens for small businesses. GKH’s Corporate Practice Group attorneys will continue their monitoring efforts of FinCEN developments throughout the month.
关于我们
Our Firm: Gibbel Kraybill & Hess LLP has been engaged in the general practice of law and providing legal services to our clients since 1977. In 2015 we moved into our current location at 2933 Lititz Pike. In 2016 we opened an office in the Times Building in Suburban Square in Ardmore, extending the services of a general practice law firm to the greater Philadelphia area. We also maintain meeting space at 135 North Duke Street in downtown Lancaster. Our Practice: We have a diverse practice that includes litigation, real estate issues, estate planning and administration, business succession planning, elder law, special needs planning, tax law and tax controversies, zoning and land use, corporate and commercial law, nonprofit law, civil rights, employment law, personal injury, and general litigation. This diversity of practice supports the broad range of clients we serve, including individuals, farmers, church and nonprofit organizations, citizen groups, municipalities, corporations, business persons and professionals. The firm is committed to providing high quality legal services to meet the needs and goals of our clients. Our Communities: The Lancaster community's rich cultural heritage contributes to a strong economic base, which includes agriculture, retail and wholesale trade, tourism, manufacturing, distribution and numerous educational and religious institutions. Our Ardmore office is located in a vibrant, growing community with a dynamic mix of retail, cultural and recreational activities. We highly value community involvement, and the firm actively participates in and supports many community organizations and events.
- 网站
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https://www.easy.link/gkh_law
Gibbel Kraybill & Hess LLP的外部链接
- 所属行业
- 律师事务所
- 规模
- 11-50 人
- 总部
- Lancaster，PA
- 类型
- 合营企业
- 创立
- 1977
地点
Gibbel Kraybill & Hess LLP员工
动态
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Join GKH on March 25th for an insightful one-hour seminar where we will provide key legal updates affecting small businesses and nonprofits. We will cover recent changes in corporate governance, contract and employment law, and regulatory compliance that could impact your operations in 2025. This session is designed to help business owners, executives, and nonprofit leaders navigate new legal developments and avoid common pitfalls. Whether your organization needs a refresher or requires specific insight into best practices in 2025, we invite you to attend and learn about a variety of topics. This complementary update is for friends of GKH and includes lunch. https://lnkd.in/eTVXicVU
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Each year, @susquehannastyle holds a readers choice vote for the "Best of". We were honored to be named best Law Firm in 2024. These write-in polls are open until February 7th to vote on your 2025 favorites. By voting for Gibbel Kraybill & Hess, you are helping us to spread the word about our exceptional service and commitment to our clients and our community. (Note that you do not have to provide an answer to each category in order to submit your votes! Best Law Firm can be found at #154!) https://lnkd.in/eBpWq5FV
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"With the December 23, 2024 ruling by the United States Court of Appeals for the Fifth Circuit, reporting companies created or registered prior to January 1, 2024 or those created or registered on or after September 4, 2024 that had a filing deadline between December 3, 2024 and December 23, 2024 now have until January 13, 2025 to file their initial Beneficial Ownership Information Report (BOIR) with Department of Treasury’s Financial Crimes Enforcement Network (FinCEN)." Click to read full article: https://lnkd.in/etGtSXry
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Due to a court order effective nationwide and issued on December 3, 2024, currently there is no legal obligation to file Beneficial Ownership Information Reports to comply with the Corporate Transparency Act by year-end 2024. Read more: https://lnkd.in/eQ68DGwP
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Employer Update: Salary Threshold Increase for Exempt Employees Blocked by Federal Court What does this mean? Read more on our recent blog post here: https://lnkd.in/dGc6ucN7
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Pennsylvania businesses and nonprofits, foreign associations registered to do business in the Commonwealth and domestic business trusts must file an annual report beginning in the calendar year 2025. In addition, reporting companies formed before January 1, 2024 must also file a BOI report by January 1, 2025 pursuant to the Corporate Transparency Act. Click the link below to read more. https://lnkd.in/etM2yqSs
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