How to Report Beneficial Ownership Information to FinCEN

💡The Corporate Transparency Act is now in effect, and FinCEN has opened the reporting portal for reporting beneficial ownership information.

📝Reporting your beneficial ownership information to FinCEN is mandatory for certain entities formed or registered to do business in the US on or after January 1, 2024.

📋The reporting process can be done online through the FinCEN reporting portal.

🧾You will need to provide detailed information about the reporting company and its beneficial owners, including their full names, addresses, and identifying documents.

✅Once you have submitted the information, you will receive a confirmation of your submission from FinCEN.

Who is required to report beneficial ownership information to FinCEN?

—Entities formed or registered to do business in the US on or after January 1, 2024, are required to report beneficial ownership information to FinCEN.

What information is required to be reported?

—You will need to provide detailed information about the reporting company, such as its legal name, tax identification type, and current address. Additionally, you will need to provide information about each beneficial owner, including their full name, address, and identifying documents.

How can I report the beneficial ownership information?

—You can report the beneficial ownership information online through the FinCEN reporting portal.

What happens after I submit the information?

—Once you have submitted the information, you will receive a confirmation of your submission from FinCEN.

Is there a deadline for reporting the beneficial ownership information?

—While there is no specific deadline mentioned, it is advisable to report the information as soon as possible to ensure compliance with the Corporate Transparency Act.

00:00The Corporate Transparency Act is now in effect, and FinCEN has opened the reporting portal for reporting beneficial ownership information.

01:28Entities formed or registered to do business in the US on or after January 1, 2024, are required to report beneficial ownership information to FinCEN.

03:15You can report the beneficial ownership information online through the FinCEN reporting portal.

04:40You will need to provide detailed information about the reporting company, such as its legal name, tax identification type, and current address.

06:02Additionally, you will need to provide information about each beneficial owner, including their full name, address, and identifying documents.

08:10Once you have submitted the information, you will receive a confirmation of your submission from FinCEN.