THIS JUST IN: The Financial Crimes Enforcement Network (FinCEN) is extending the deadline for certain reporting companies to file their initial beneficial ownership information (BOI) reports. Specifically, reporting companies created or registered in 2024 will have 90 calendar days from the date of receiving actual or public notice of their creation or registration becoming effective to file their initial reports. This extension will give reporting companies created or registered in 2024 more time to become familiar with FinCEN’s guidance and educational materials located at https://www.fincen.gov/boi, and to resolve questions that may arise in the process of completing their initial BOI reports.
Reporting companies created or registered before January 1, 2024, have until January 1, 2025, to file their initial BOI reports with FinCEN, while reporting companies created or registered on or after January 1, 2025, will have 30 calendar days to file their initial BOI reports after receiving actual or public notice of their creation or registration becoming effective.
FinCEN will not accept BOI reports from reporting companies until January 1, 2024 - no reports should be submitted to FinCEN before that date.
FinCEN’s BOI Webpage: https://www.fincen.gov/boi
Be sure to visit the CLAS CTA Reference Center for practical information about the CTA, FAQs, educational videos, guest blogs from corporate attorneys, and much more!
Disclaimer: The content of this blog and the links are being provided as a convenience and for informational purposes only; they do not constitute an endorsement or an approval by CLAS Information Services of any of the products, services or opinions of the corporation or organization or individual. CLAS Information Services bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. Contact the external site for answers to questions regarding its content.