NEW REQUIREMENTS FOR BUSINESSES

Beginning January 1, 2024, many corporations, limited liability companies, and other entities created or registered to do business in the United States must report information about their beneficial owners—the persons who ultimately own or control the company—to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN).

FinCEN.gov/BOI provides guidance to help the small business community understand these requirements Click on red, bolded
words to access information.