✨Filing a beneficial ownership report is required for businesses established before January 1, 2024.
🔑You need a copy of your driver's license to complete the report.
🔄The report can be completed online through a simple process.
👥You only need to provide information for beneficial owners who own more than 20% of the business.
⏳The deadline for filing the report is usually one year from the business's establishment date.
What is a beneficial ownership report?
—A beneficial ownership report is a requirement for businesses to disclose information about the individuals who have ownership or control over the company.
Do I need to file a beneficial ownership report?
—If your business was established before January 1, 2024, you may need to file a beneficial ownership report. It's best to check with your accountant or the relevant authorities.
What documents do I need to file the report?
—You will need a copy of your driver's license or passport to complete the report.
Is filing a beneficial ownership report difficult?
—No, filing a beneficial ownership report is a simple and straightforward process that can be completed online.
When is the deadline for filing the report?
—The deadline for filing the report is usually one year from the date your business was established. However, it's important to check the specific deadline for your jurisdiction.
00:00Filing a beneficial ownership report is quick and easy.
02:00You need a copy of your driver's license to complete the report.
03:40The report can be completed online through a simple process.
05:25You only need to provide information for beneficial owners who own more than 20% of the business.
09:30The deadline for filing the report is usually one year from the business's establishment date.
