Federal Beneficial Owner Report

Effective January 1, 2024, New Federal Beneficial Owner Report Requirements

Reporting of Beneficial Ownership Information to the Financial Crimes Enforcement Network (FinCEN)

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 owners—the persons who ultimately own or control the company—to the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN).  Additional information about the reporting requirements, including answers to questions such as “is my company required to report beneficial ownership information to FinCEN,” “who is a beneficial owner,” and “when do I need to report my company’s beneficial ownership information" is available on FinCEN’s beneficial ownership information webpage, FinCEN.gov/BOI.  You can also subscribe to FinCEN Updates for future guidance documents.

 

* This information is not reported to the Secretary of State

How do I Report?

Reporting companies will report beneficial ownership through FinCEN’s website. The report is not available for reporting until after 1/1/2024.

Who has to report?

Most  corporations, LLCs, and other businesses formed by filing a document with a Secretary of State’s office in the United States. 23 types of entities are exempt from the reporting requirement.  View FinCEN’s FAQs to learn more.

When to report?

If your company was created or registered prior to 1/1/2024, you have until 1/1/2025 to report.

Companies created on or after 1/1/2024 (1/1/2024 - 12/31/2024) must report within 90 days.

Companies created on or after 1/1/2025 must report within 30 days.

Contact

Please contact FinCEN for the most up to date information and answers to your questions.

https://www.fincen.gov/contact​
Email address is FRC@fincen.gov
Phone number: 1-800-767-2825 ​

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