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BOI – Beneficial Ownership Information

New Federal Reporting Requirement for
Beneficial Ownership Information (BOI)

Effective January 1, 2024, many companies in the United States must report
information about their beneficial owners—the individuals who ultimately own or
control the company—to the Financial Crimes Enforcement Network (FinCEN), a
bureau of the U.S. Department of the Treasury.
Filing is simple, secure, and free of charge. Beneficial ownership information
reporting is not an annual requirement. Unless a company needs to update or correct
information, a report only needs to be submitted once.

Who Has to Report?

Companies required to report are called reporting companies. Reporting companies
may have to obtain information from their beneficial owners and report that
information to FinCEN.

Need more information?

Click Here for the website with information regarding this new requirement

Ready to file?

Click Here to go to the BOI E-Filing page

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