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Under the Corporate Transparency Act (“CTA”) most business entities are required to file a report containing information about their beneficial owners with the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCen”). The CTA went into effect January 1, 2024.
If you are an owner of an entity, you should assume that your entity will need to file a Beneficial Owner Information (BOI) Report with FinCen -- unless you know the entity meets one of the CTA’s very narrow exceptions.
For entities formed prior to January 1, 2024, the deadline to file a BOI Report is January 1, 2025. Please click below for additional deadlines and information.
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