Beneficial Ownership Reporting Requirements for Business Owners
The beneficial ownership reporting rules that went into effect on January 1, 2024, now require all business owners to register their Beneficial Ownership information with FinCEN in addition to providing it with the bank. This applies to all businesses that were established prior to January 1, 2024, as well as all businesses that organize after that date. Please review this brochure provided by FinCEN for information on what you need to do as a business owner.
It is important to know there is no fee to file your information with the government. If you are being prompted to pay to file your information, you are on the wrong website!
