As this year is quickly coming to an end, we wanted to remind all of the businesses that Beneficial Ownership Information (BOI) Reports are coming due. As of January 1, 2024, all small entities operating in the United States are required to file Beneficial Ownership Information (BOI) Reports containing information about the entity itself and two categories of individuals: beneficial owners and company applicants. Reports must be filed electronically using the Financial Crime Enforcement Network’s (FinCEN’s) secure filing system and must be updated whenever there is a change to the information included in an entity’s report.
If you first registered to do business in the United States before January 1, 2024 then your BOI Report is due January 1, 2025.
Click here to learn more.
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