If your accountant has not yet notified you, please be aware that the U.S. Department of the Treasury Financial Crimes Enforcement Network (FinCEN) has Beneficial Ownership Information (BOI) deadlines in place that may pertain to your business or entity.
While certain businesses are exempt, many companies are required to report information to FinCEN about the individuals who ultimately own or control them. Persons violating the BOI reporting requirements may be subject to significant civil penalties.
There have been multiple changes to the deadlines over the past several weeks, so please make sure you are up to speed on the requirements for your business.
For More Information
For more information on the requirements, exemptions, filing, and deadline dates, please visit the resources below for more information:
Financial Crimes Enforcement Network’s Beneficial Ownership Information page