September 2023

Beginning on January 1, 2024, many companies in the United States will have to report information about their beneficial owners—the individuals who ultimately own or control the company. Companies will be able to begin reporting beneficial ownership information to FinCEN at that time.

The Financial Crimes Enforcement Network (FinCEN) of the U.S. Treasury Department issued additional guidance materials for the beneficial ownership information (BOI) reporting requirements:

Small Entity Compliance Guide  https://www.fincen.gov/sites/default/files/shared/BOI_Small_Compliance_Guide_FINAL_Sept_508C.pdf

An Introduction to Beneficial Ownership Information Reporting  https://www.fincen.gov/sites/default/files/shared/BOI_FinCEN_Brochure_508C.pdf

FAQ - Beneficial Ownership Information https://www.fincen.gov/sites/default/files/shared/BOI_FAQs_Q&A_09.29.23._508C.pdf