As of January 1, 2025, certain entities are required to complete Beneficial Ownership Information* (BOI) reporting. Please note that this responsibility falls directly on you as the entity owner.
Action Required: Ensure that you complete your BOI reporting by January 1, 2025, using this link (BOI E-FILING)
For the filing, you’ll need:
- Basic information on beneficial owners (names, addresses, dates of birth, and identification numbers)
- Scanned copies of each beneficial owner’s driver’s license for upload
Key Details About BOI Reporting:
- Entities Required to Report: Corporations, LLCs, partnerships, and similar entities.
- Information Needed: Basic details on beneficial owners and their roles.
- Deadlines: January 1, 2025, for existing entities; 30–90 days post-formation for new entities.
- Updates: Any changes must be reported within 30 days.
Non-compliance can result in penalties, so we urge you to take action. For additional support, consider consulting your attorney regarding BOI reporting.
* A beneficial owner generally refers to an individual who owns or exercises substantial control over an entity, directly or indirectly. BOI reporting requires you to provide detailed information about these individuals to comply with transparency regulations.
