Skip to main content
All CollectionsBeneficial Ownership Information BOI / Corporate Transparency Act CTA
Who can be held liable for violating BOI reporting requirements?
Who can be held liable for violating BOI reporting requirements?
Adam Cook avatar
Written by Adam Cook
Updated over 5 months ago

Both individuals and corporate entities can be held liable for willful violations. This includes anyone who files false information or fails to report complete or updated information. Senior officers can also be held liable if they cause or are responsible for the failure.

Did this answer your question?