FINCEN REPORTING REQUIREMENTS
In 2021, Congress enacted the Corporate Transparency Act. This law creates a beneficial ownership information reporting requirement as part of the U.S. government’s efforts to make it harder for bad actors to hide or benefit from their ill-gotten gains through shell companies or other opaque ownership structures.
This reporting requirement begins on January 1, 2024.
FAQs, an informational brochure, and a compliance guide to the reporting requirements are posted below, but not printable from this site. A link to FinCEN portal appears at the bottom of this page.
