Beneficiary Ownership Information

Beneficiary Ownership Information (BOI)

Timing

• The effective date for the rule is January 1, 2024.
• Deadline Extension: Reporting companies created or registered in 2024 will have 90 calendar days from the date of receiving actual or public notice of their creation or registration becoming effective to file their initial reports. This deadline extension will have significant benefits and will provide valuable extra time for company applicants and for reporting companies created or registered in 2024 to understand this new regulatory obligation and obtain the required information to file their BOI reports. This extension will give reporting companies created or registered in 2024 more time to become familiar with the guidance and educational materials located at https://www.fincen.gov/boi (https://www.fincen.gov/boi), and to resolve questions that may arise in the process of completing their initial BOI reports.
• Reporting companies created or registered before January 1, 2024, will continue to have until January 1, 2025, to file their initial BOI reports with FinCEN, and reporting companies created or registered on or after January 1, 2025, will continue to have 30 calendar days to file their initial BOI reports with FinCEN.

Notice to Customers: Beneficial Ownership Information Reference Guide

 Click Here to read the Notice