Signed in as:
filler@godaddy.com
Benificial Ownership Information
What is BOI ?
Who is Required to File and When is the Deadline?
Who is Required to File and When is the Deadline?
The U.S. Department of the Treasury, Financial Crimes Enforcement
Network (“FinCEN”) has put in place a new rule requiring businesses to report certain beneficial
ownership information (a “BOI Report”). The rule took effect 1/1/202, and below is a
breakdown of what you need to know.
Do you have multiple entities? If so, consider creating a FinCEN ID number. This will save you from having to enter the same information multiple times on the BOI Information Sheet: Create Your FinCEN ID (You linked to login.gov but I think we should link to the FinCEN ID application which will then prompt the client to login via login.gov)
Who is Required to File and When is the Deadline?
Who is Required to File and When is the Deadline?
Who is Required to File and When is the Deadline?
Requirements
- Any individuals who hold 25% or more ownership interest in the Reporting Company
- Anyone who “exercises substantial control” over a reporting company, i.e.Directors, Managers, Managing Members, General Partners ect.
Deadlines
- For entities formed before 2024, December 31, 2024
- For entities formed in 2024, 90 days from the date of formation
- For entities formed on or after
January 1, 2025, 30 days from the date of formation
