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When and How to file your Beneficial Ownership Information (BOI) Report with FinCEN?

In 2021, the Corporate Transparency Act was passed, requiring most corporations and LLCs to file information about their “beneficial owners” with the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of Treasury

 

The filing requirements were delayed for three years while the regulations were written and finalized.  Now the law is taking effect.

 



Starting on January 1, 2024, newly formed or registered reporting companies in the U.S. will have 90 days to report BOI, certain entity information about the reporting company and company applicant information to FinCEN.

 

If your company already exists as of January 1, 2024, you must file your initial Beneficial Ownership Information (BOI) report by January 1, 2025.

 



If your company is created or registered to do business in the United States on or after January 1, 2024, and before January 1, 2025, you will have 90 calendar days after receiving actual or public notice that the company’s creation or registration is effective to file your initial Beneficial Ownership Information (BOI) report. This 90-calendar day deadline runs from the time the company receives actual notice that its creation or registration is effective, or after a secretary of state or similar office first provides public notice of its creation or registration, whichever is earlier.

 

If your company is created or registered on or after January 1, 2025, you will have 30 calendar days from actual or public notice that its creation or registration is effective to file your initial Beneficial Ownership Information (BOI) report.

 

If your company is required to file a BOI report, you must do so electronically through this secure filing system. 

 

Here is the Small Entity Compliance Guide  from FinCEN.


At this time, Legal Direction is not assisting North Carolina businesses in filing BOI reports.

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