Nationwide business owners being required to file the Beneficial Ownership Information Report (BOIR) before January 1, 2025 in order to avoid a $591 fine, criminal penalties of up to two years in ...

It appears that FINCEN's Beneficial Ownership Information ("BOI") reporting deadline will be moved to January 1, 2026, at least for companies that were required to file for 2024.

How to file your corporate transparency report. As of January 1, 2024, FinCEN has begun accepting beneficial ownership information reports. Here are four steps you can take to prepare your ...

The U.S. Department of the Treasury announced that it officially began accepting beneficial ownership information reports on Jan. 1, 2024.

Hopefully, by now, you’ve become aware of the Beneficial Ownership Information Form, commonly referred to as the BOI Form or BOI Report. The Financial Crimes Enforcement Network (FinCEN ...

On 11/15/24, FinCEN updated two Beneficial Ownership Information Access FAQs.The theme of the 11/15/24 update is Beneficial Ownership Access in accordance with the Corporate Transparency Act ...

Where can you obtain more information? FinCEN’s new beneficial ownership rule is a lot to take in and it’s easy to get overwhelmed. But it’s an important rule impacting businesses nationwide ...

Beneficial ownership information is identifying details (name, date of birth, address, passport or driver’s license number) about individuals who own or control a company.

In September 2022, FinCEN issued a final rule establishing a beneficial ownership information reporting requirement and covering definitions, applicability, and exceptions of the regime. The rule will ...

The Corporate Transparency Act's beneficial ownership information filing requirements, although new this year, have been on the books for several years. While most accounting professionals are aware ...

The Corporate Transparency Act required 32 million small businesses to submit beneficial ownership information to FinCEN by January 15. One case in federal court shook things up. Here is what ...

Any corrections or updates to previously filed beneficial ownership information must be submitted within 30 days. For additional information on corporate transparency reporting, visit fincen.gov/boi .