BOIR – Effective as of January 1, 2024. Limited Liability Companies (LLCs) are required to submit Beneficial Ownership Information Reports
In 2021, Congress passed the Corporate Transparency Act on a bipartisan basis. This law creates a new beneficial ownership information reporting requirement as part of the U.S. government’s efforts to make it harder for bad actors to hide or benefit from their ill-gotten gains through shell companies or other opaque ownership structures.
Effective as of January 1, 2024. Limited Liability Companies (LLCs) are required to submit Beneficial Ownership Information Reports.
*If a reporting company already exists as of January 1, 2024, it must file its initial BOIR by January 1, 2025.
*If a reporting company is created or registered to do business in the United States on or after January 1, 2024, and before January 1, 2025, it must file its initial BOIR within 90 days after receiving actual or public notice that its creation or registration is effective.
*If a reporting company is created or registered to do business in the United States after January 1, 2025, then it must file its initial BOIR within 30 days after receiving actual or public notice that its creation or registration is effective.
Exceptions for those who do not have to file are on the Small Entity Compliance Guide of Beneficial Ownership Information (BOI) list (Page 4) found here: https://www.fincen.gov/boi/small-entity-compliance-guide (also on attachment 2)
Instructions for filing are here: https://boiefiling.fincen.gov/help (please note the prohibited words and phrases)
Use this link to Submit your LLC Beneficial Ownership Information (BOI): https://boiefiling.fincen.gov/
