Starting January 1, 2024, the Corporate Transparency Act (CTA) is changing reporting regulations for US businesses. Beginning then all domestic and foreign companies registered or doing business in the US will have to file a Beneficial Ownership Information Report (BOI). This report is filed with the Financial Crimes Enforcement Network (FinCEN) – a federal division created through this act.
Servico will be filing the initial BOI for any businesses we assist in forming beginning 01/01/2024 and can also assist in fulfilling the reporting requirements for any existing businesses.
Deadlines vary based on the date the business was formed:
The information needed for the filing of the BOI varies based on the date of formation but includes information such as:
For more detailed information and answers to any questions please visit: https://www.fincen.gov/boi-faqs