05/04/2024
Reporting Beneficial Ownership Information to the Financial Crimes Enforcement Network (FinCEN)
NEW BUSINESS REPORTING
Beginning January 1, 2024, certain types of corporations, limited liability companies, and other similar entities created in or registered to do business in the United States must report information about their beneficial owner information (BOI) the persons who ultimately own or control the company to the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN). This filing must be completed through FinCEN in compliance with their rules and guidelines.
Reporting Timelines:
• If your company was created prior to January 1, 2024, you will have until January 1, 2025, to report the BOI.
• If your company is created in 2024, you must report the BOI within ninety (90) calendar days after receiving actual or public notice that your company's creation is effective.
• If your company is created on or after January 1, 2025, you must file the BOI within thirty (30) calendar days after receiving actual or public notice that its creation is effective.
