Are you the owner of a business registered as an LLC or an S-Corp? If so, read on...
In an effort to curb fraudulent and illegal activities, hiding behind a corporate entity, the US Treasury Department now requires all LLC and/or S-Corps to submit a Beneficial Ownership Information Report (BOIR) with the Financial Crimes Enforcement Network (FinCen). If your company was registered before 1/1/24, then you MUST submit the BOIR before 12/31/24. If your company was registered after 1/1/24, then you must submit the BOIR within 90 days of registration.
If your report is NOT submitted by the deadline, penalties of $500 per day may be imposed! There are no fees associated with submitting this report, and it only takes about 10 minutes to complete. You will need the following:
Your company's Federal EIN #
Your company's registered address
A copy of the driver's license for each owner/partner with 25% or more control
A copy of the driver's license of the applicant (if different than the owner)
Don't delay! Go to the website: https://boiefiling.fincen.gov/ and click the BOI E-filing "Get Started" Button.

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