How to Report Your Beneficial Ownership Information to Fincen

💡The Corporate Transparency Act is now in effect, and companies are required to report their beneficial ownership information.

✅The reporting portal provided by Fincen makes it easy to comply with the new law and submit your beneficial ownership information.

⏰Don't wait until the last minute to report your beneficial ownership information. The system may not be able to handle the influx of submissions.

📝You will need to provide detailed information about your company, including its legal name, tax identification number, and address.

👥You must also include information about the beneficial owners of your company, such as their names, dates of birth, and identification documents.

Who is required to report beneficial ownership information?

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

What information do I need to provide about my company?

—You will need to provide your company's legal name, tax identification number, current address, and any trade names or DBAs.

What is a beneficial owner?

—A beneficial owner is an individual who directly or indirectly owns 25% or more of a company's equity interests or exercises substantial control over the company.

Can I report my beneficial ownership information online?

—Yes, you can report your beneficial ownership information online through the reporting portal provided by Fincen.

Is there a deadline for reporting beneficial ownership information?

—There is currently no specific deadline for reporting beneficial ownership information, but it is recommended to submit the information as soon as possible to ensure compliance.

00:03The Corporate Transparency Act is now in effect, and companies are required to report their beneficial ownership information.

00:19The reporting portal provided by Fincen makes it easy to comply with the new law and submit your beneficial ownership information.

01:36You will need to provide detailed information about your company, including its legal name, tax identification number, and address.

04:24If you have a Fincen identifier, you can use it to streamline the reporting process.

09:01For each beneficial owner, you will need to provide their name, date of birth, and identification document.