01/05/2024
Attn: All Business Owners
You are required to report your business to this website starting January 1, 2024. You will need to fill out the form and submit your information.
Link: https://boiefiling.fincen.gov/
Effective January 1, 2024, the CTA requires reporting companies (1120 and 1120-S companies, as well as certain self-employed individuals with Schedules C), both domestic and foreign, that do business in the United States to report beneficial ownership information (BOI) and company applicants to the Financial Crimes Enforcement Network (FinCEN). For reporting purposes, a beneficial owner is any individual who, directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise, exercises substantial control over the reporting company or owns or controls at least 25% of the ownership interests of the reporting company. Refer to 31 U.S.C. §5336(a)(3)(B) for a full list of exempted beneficial owners.
Businesses that exist or are registered before January 1, 2024, have until January 1, 2025, to file initial reports, whereas businesses created or registered on or after January 1, 2024, have 90 days after official registration or creation. Initial reports must contain:
Identifying information on the reporting company:
° Legal name, trade name, and DBA
° Address of principal place of business
° Jurisdiction in which the business was formed or first registered
° Tax ID number
Identifying information on beneficial owners and company applicants:
° Legal name
° Date of birth
° Current address
° State or federally recognized ID number (passport, driver’s license, etc.)
° Image of state or federally-recognized ID
