Webinar - BOI/FINCEN Reporting - Filing Small Business Ownership Information

Event description

As of January 1, 2024, the bipartisan Corporate Transparency Act requires most companies doing business in the United States to report information to the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) about the individuals who ultimately own or control them. The law was passed to curb illicit finance and protect U.S. national security. Filing is simple, secure, and free of charge.

Who MUST file?

·Existing companies: Reporting companies created or registered to do business in the United States before January 1, 2024 must file by January 1, 2025.

·Newly created or registered companies: Reporting companies created or registered to do business in the United States in 2024 have 90 calendar days to file after receiving actual or public notice that their company’s creation or registration is effective. Beginning in 2025, newly created or registered companies will have 30 days.