US Treasury Requiring LLCs to Submit Beneficial Ownership Information

The US Treasury’s Financial Crimes Enforcement Network (FINCEN) is requiring all LLC to submit beneficial ownership information (BOI) or face high fees. This is part of the Corporate Transparency Act. FINCEN has recently granted a 12-day extension, so you now have until January 13, 2025 to file and avoid fees. 

BOI reports can be e-filed through FINCEN here: https://boiefiling.fincen.gov/

For more information on who should file a BOI report by the new deadline, reference this blog from Wolters Kluwer. https://www.wolterskluwer.com/en/expert-insights/boi-reporting-deadlines-extended-by-fincen-following-stay-of-nationwide-injunction

There is additional relief for certain LLCs impacted by disaster here: https://www.adamsandreese.com/news-knowledge/fincen-announces-boi-reporting-extension-in-hurricane-areas

For more questions about filing your BOI report with FINCEN, visit their FAQ page here: https://www.fincen.gov/boi-faqs#B_1