New Corporate Governance Reporting Requirements

In 2024, a new reporting requirement went into effect through the Corporate Transparency Act. All domestic and foreign entities, including corporations and limited liability companies (LLCs) that have filed formation or registration documents with any U.S. state, are required to report Beneficial Ownership Information (BOI), unless specifically exempted. While your business may not be physically operating in the U.S., it may still need to fulfill this reporting requirement.

 Tags: canadian business cross border business buffalo economic development business expansion business growth,

Since 1999, Invest Buffalo Niagara (formerly Buffalo Niagara Enterprise) has worked to attract more than $4.4 billion in new business investment to the region. With 81 Canadian-based expansion projects during that time, significant investment has come from north of the border. There are many reasons for a Canadian company to expand into the US such as “Made in US” requirements, reaching a market 10 times the size of Canadian market, growing US sales, bridge delays, and raw materials coming from the US.

 Tags: Foreign Direct Investment U.S. business expansion buffalo economic development