Beneficial Ownership Information Reporting

I would like to make you aware that effective January 1, 2024, The Corporate Transparency Act (CTA) requires certain types of U.S. and foreign entities to report beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury.

Important filing dates:

A reporting company

• Created or registered to do business before January 1, 2024, will have until January 1, 2025, to file its initial beneficial ownership information report.
• Created or registered on or after January 1, 2024, and before January 1, 2025, will have 90 calendar days after receiving notice of the company’s creation or registration to file its initial BOI report.
• Created or registered on or after January 1, 2025, will have 30 calendar days from actual or public notice that the company’s creation or registration is effective to file its initial BOI report.

You can access

• Guidance materials and additional information here.
• Small entity compliance guide and frequently asked questions here.
• The BOI e-filing system here. There is no fee for filing the report.

Please note that CFO Your Way is not responsible for filing these reports and cannot prepare or assist their clients in filing the BOI report.

We recommend you speak with your attorney and/or tax professional to file for your entity.

#BOI #FinCen #Compliance