🚨 Important Alert: Corporate Transparency Act Compliance Deadlines
As FinCEN begins accepting Beneficial Ownership Information (BOI) reports on January 1, 2024, here are the CRITICAL deadlines all business owners need to know:
📅 Initial Reports:
- Existing companies (pre-2024): Must file by January 1, 2025
- New companies (from Jan 1, 2024): Must file within 30 calendar days of company registration
📝 Ongoing Compliance Requirements:
- Updated Reports: Due within 30 calendar days after any change to previously reported information
- Corrected Reports: Due within 30 calendar days after becoming aware of any inaccuracy
⚠️ FRAUD ALERT: Be aware of scam emails requesting BOI information. FinCEN does NOT send unsolicited requests. Don't click suspicious links or scan QR codes from unverified sources.
Who Needs to Report?
- Domestic corporations and LLCs
- Foreign companies registered to do business in the U.S.
- Note: 23 categories of entities are exempt (check FinCEN's website for details)
Take Action:
- Determine if your company needs to report
- Mark your filing deadline
- Gather beneficial ownership information
- Submit through the official portal: www.fincen.gov/boi
Don't risk non-compliance. Start preparing your BOI report today.
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