Beginning January 1, 2024, small business entities (including corporations, LLCs, and other entities created by filing with the secretary of state) are required by the Corporate Transparency Act to report information about their beneficial owners to the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN).
Companies registered before January 1, 2024 have one year, until Janaury 1, 2025, to file their initial reports. Companies created or registered on or after January 1, 2024 to January 1, 2025 will have 90 calendar days after receiving confirmation of their creation or registration.
Visit the FinCEN BOI website to learn more and file a report.