If you own or have an interest in a business (corporation, partnership, LLC, etc.) then you need to file beneficial ownership information at the following website: https://www.fincen.gov/boi. For businesses established before 2024, the deadline for filing is 12/31/2024. For those established in 2024, you have a 90-day window. Businesses founded in 2025 and beyond must file within 30 days. This Act was created to prevent money laundering. The Act requires anyone who owns 25% of a business or has significant decision-making control over the business to file. If you believe this Act pertains to you, we recommend that you contact your CPA/tax preparer to have them file on your behalf. After filing, there is an ongoing requirement to update the records when there is a change in beneficial ownership, or when an owner’s name/address changes.
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