Mandatory Federal Reporting of BOI Information

New Federal Reporting Requirements for Beneficial Ownership Information Applies to All Companies

MANDATORY FEDERAL REPORTING OF BENEFICIAL OWNER INTEREST (BOI) INFORMATION

Every company is required to do a federal reporting of all beneficial owners. The reporting depends upon when your company was first set up. Your company must complete the Beneficial Ownership Information (BOI) Reporting by January 1, 2025 if you were incorporated prior to January 1, 2024 in compliance with the Corporate Transparency Act. If you incorporated after January 1, 2024, you must report within 90 days of the date of incorporation, and companies incorporated after January 1, 2025 must report within 30 days after incorporation. FAILURE TO DO SO MAY RESULT IN PENALTIES. Individuals who own or control a company, including those owning more than 25%, senior officers like CFO, CEO, President and Treasurer, board members, those with the ability to hire or fire, and anyone who exerts substantial control should be disclosed. The reporting is only done once unless there is a change to any beneficial owner information. Any changes must be reported within 30 days. To complete the BOI reporting, visit www.fincen.gov/boi. Copies of each of all beneficial owners’ driver’s licenses will need to be uploaded to complete the reporting process.

If you require assistance with your BOI reporting, we offer a Zoom conference where we will assist in completely the reporting for $150. Please let us know if you require our assistance and we will schedule a Zoom to complete the process. If you complete the BOI reporting yourself or through your accountant, please provide us with the BOI filing receipt for our records so we have documentation in your company records that you timely completed your BOI reporting.

< Older Post

Newer Post >

We're Hiring

By Chad Mckenney • February 6, 2026

WHO WE ARE Donohue McKenney Ltd. is a full-service law firm in Maple Grove, Minnesota, providing comprehensive legal services to business and individual clients throughout the Twin Cities and nationwide since 1994. Our practice areas include business law, construction law, employment law, real estate, estate planning, probate, family law, personal injury, and civil litigation. Visit dmlawltd.com for additional information. POSITION OVERVIEW We are seeking an experienced Legal Assistant or Paralegal to join our team, providing support to our family law and civil litigation attorney. The ideal candidate is a detail-oriented self-starter who thrives in a collaborative, team-oriented environment and can effectively manage multiple priorities while meeting deadlines. KEY RESPONSIBILITIES Case Management & Administration • Assist in all aspects of family law and civil litigation matters • Maintain attorney's calendar and coordinate phone calls, meetings, depositions, mediations, and court appearances • Monitor intake of new matters and schedule consultations with attorneys • Ensure proper docketing and timely filing of all court papers • Track case progress, deadlines, and procedural requirements • Maintain organized case files with all relevant documents, pleadings, and correspondence Document Preparation & Filing • Draft, prepare, proofread, and review legal documents including pleadings, correspondence, deeds, and estate planning documents • File and eFile documents with courts and governmental offices Client Relations • Conduct new client intake calls and gather essential case information • Create and update client and matter records in case management database • Communicate case status updates and upcoming deadlines to clients and respond to client questions • Gather information from clients to respond to discovery requests Research & Support • Research and compile case-related documentation, reports, and billing summaries • Organize discovery materials and evidence • Assist in hearing and trial preparation • Perform various clerical duties including routing mail and screening calls/emails QUALIFICATIONS Required • Minimum 2 years of administrative assistant experience • Knowledge of Minnesota state court procedures and e-filing systems or willingness to learn • Proficiency in Microsoft Office, Adobe Acrobat, case management software, and legal research tools. Willingness to learn unfamiliar software. • Exceptional organizational abilities and attention to detail • Excellent written and verbal communication skills • Ability to manage multiple priorities and meet deadlines • Strong interpersonal skills and team collaboration abilities • Self-motivated with a positive, professional, can-do attitude • Commitment to strict confidentiality Preferred • Legal Assistant or Paralegal experience • Experience with family and domestic law matters COMPENSATION & BENEFITS • Competitive salary based on experience • Medical, Dental, HSA, and 401K options • Flexible/hybrid schedule available after initial training period TO APPLY Please send your resume to Info@dmlawltd.com We are not accepting search firm submissions for this position. Please apply directly.