Beneficial Ownership Reporting Guidance

Beneficial Ownership Information Reporting directly to FinCEN, becomes compulsory                      January 1, 2024

The Corporate Transparency Act (CTA) establishes uniform beneficial ownership information reporting requirements for most companies, corporations, limited liability companies (LLC), and other similar entities, created in or registered in the United States.  The CTA authorizes FinCEN to collect that information and disclose it under certain conditions.  The goal of the CTA is to prevent the hiding of illicit actors and activities behind company structures.

https://www.fincen.gov/boi-faqs - Beneficial Ownership Information Reporting FAQs

https://www.fincen.gov/sites/default/files/shared/BOI_Reporting_Filing_Dates-Published03.24.23_508C.pdf - Beneficial Ownership Information Report Filing Dates

https://www.fincen.gov/sites/default/files/shared/BOI_Reporting_Key_Questions_Published_508C.pdf - Beneficial Ownership Reporting - Key Questions

https://www.youtube.com/watch?v=nx48tPUbRK0 - Introductory video to Beneficial Ownership Information Reporting Requirements