When is Reporting Required?
Per FinCEN Q&A #4 - FinCEN will begin accepting beneficial ownership information reports on January 1, 2024. Beneficial ownership information reports will not be accepted before then.
-
Companies Created or Registered Before January 1, 2024 - A reporting company created or registered to do business before January 1, 2024, will have until January 1, 2025, to file its initial beneficial ownership information report.
-
Companies Created or Registered After January 1, 2024 - A reporting company created or registered on or after January 1, 2024, will have 30 days to file its initial beneficial ownership information report. This 30-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.
Reporting companies must report changes in beneficial ownership information within 30 days of any such changes.
There will be no fee for submitting beneficial ownership information report to FinCEN.