Attention For Profit Business Entities

Published on Monday, 06 January 2025 20:31

Adam Katzman

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A recent federal law requires all US and Foreign Business Entities doing business in the USA to complete the beneficial ownership information to the Federal Crimes Enforcement Network (FINCEN) by January 1, 2025. If the business is formed after January 1, 2025 then reporting is due within 30 days of formation. Reporting is required in most cases (including Corporations and LLCs). Exceptions do exist for non profits and unincorporated entities.

To file: https://boiefiling.fincen.gov/fileboir

To learn more about whether you need to file: BOI_Small_Compliance_Guide.v1.1-FINAL.pdf (fincen.gov)