Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Wolters Kluwer Offers Compliance Insights for Startups on Beneficial Ownership Filing Requirements

Podcast, white paper provides greater clarity for startups on Corporate Transparency Act reporting

With an end-of-year deadline looming for the Beneficial Ownership Information (BOI) reporting rule as part of the Corporate Transparency Act (CTA), a range of startup businesses seek greater clarity on eligibility and compliance requirements.

Wolters Kluwer CT Corporation has developed an array of resources to help address BOI-related queries, including an expert thought piece and a podcast to help foster greater understanding among startup entities of their reporting obligations.

“BOI reporting presents certain challenges for startups in determining their eligibility and complying with the CTA reporting requirements,” says Rupak Venugopal, Vice President, Beneficial Ownership, Wolters Kluwer Financial & Corporate Compliance. “While some companies may be exempt from having to file, these exemptions are generally reserved for highly regulated businesses. This leaves millions of businesses still needing to file initial reports and updates on previously reported information with the Financial Crimes Enforcement Network (FinCEN).”

For reporting companies created before January 1, 2024, Venugopal notes that the initial BOI report must be filed with FinCEN by January 1, 2025. For those created in 2024, the initial BOI report must be filed within 90 calendar days of the date the entity receives notice that its creation is effective. An estimated 32.6 million entities are subject to BOI reporting in 2024 alone.

“Consequences for non-compliance are significant, including the potential for civil and criminal penalties,” he notes.

CT Corporation offers a suite of BOI solutions to help impacted organizations meet their obligations. Its Beneficial Ownership Platform securely stores and retains BOI filing information, making both multiple entity filings and amendments much less time-consuming.

For more information on navigating the BOI reporting requirements, visit “Beneficial Ownership Information Compliance from CT Corporation.”

For more information about Wolters Kluwer, please visit: www.wolterskluwer.com.

About Wolters Kluwer

Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services.

Wolters Kluwer reported 2023 annual revenues of €5.6 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,400 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.

For more information, visit www.wolterskluwer.com, follow us on LinkedIn, Facebook, YouTube and Instagram.

Contacts

David Feider

Associate Director, External Communications

Financial & Corporate Compliance

Wolters Kluwer

Office +1 612-246-9454

david.feider@wolterskluwer.com

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