When do I need to report my company’s beneficial ownership information (BOI) to FinCEN?
To ensure compliance, promptly report your company’s Beneficial Ownership Information (BOI) to FinCEN. Below are the filing deadlines based on your company’s creation or registration date:
- Created or registered before January 1, 2024: File by January 1, 2025.
- Created or registered in 2024: File within 90 calendar days of effective notice.
- Created or registered on or after January 1, 2025: File within 30 calendar days of effective notice.
Visit FinCEN FAQs for more on Beneficial Ownership Information Reporting.
Do you have any other questions?
Reporting your company’s beneficial ownership information (BOI) to FinCEN is essential for compliance with the law. Under the Corporate Transparency Act, you must file this information when you form a new company or if there are any changes to your beneficial ownership structure.
Failing to report your BOI can lead to significant penalties and legal repercussions. It’s important to accurately identify and report all individuals who own or control your company. Given the complexity of this process, seeking professional advice can help ensure that you meet all requirements and protect your company from potential issues.
For further insights, explore the Startxpress Help Center and Blog. If you have questions or need support, reach out anytime at support@startxpress.io!
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