New Reporting Due for Business Owners

Woman on phone at computer

February 15, 2024

Find out what you need to do.

Business owners, did you know that as of January 1, 2024, many businesses must now report information about the individuals that own or control the company?

Reporting your ‘Beneficial Ownership Information’ isn’t an annual requirement, it only needs to be submitted one time and has to be completed by January 1, 2025.

You can submit this information simply, securely, and free of charge by visiting the website for the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury.

Read more on our Beneficial Ownership Information web page to find out if your business is required to report, and for more information on how to submit this information. You could face civil and criminal penalties if you disregard your beneficial ownership information reporting obligations.