Starting January 1, 2024, many companies will be required to report information to the U.S. government about who ultimately owns and controls them...They will have to report the information to the Financial Crimes Enforcement Network (FinCEN). FinCEN is a bureau of the U.S. Department of the Treasury.
BOI Report Filing Service
Avoid Federal Fines—We'll File Your BOI Report
Failure to comply could result in federal fines of $500 per day.
NEW BUSINESSES HAVE 30 DAYS TO FILE
The Corporate Transparency Act requires certain types of U.S. and foreign entities to report beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury. Beneficial ownership information is information about the entity, its beneficial owners, and in certain cases its company applicants. Beneficial ownership information is reported to FinCEN through Beneficial Ownership Information Reports (BOIRs).
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