Beneficial ownership information (BOI) REPORT 

Beneficial ownership information is identifying information about the individuals who directly or indirectly own a company.
Corporate Transparency Act is a law that creates a new beneficial ownership information reporting requirement as part of the U.S. government’s efforts to make it harder for bad people to hide or benefit from their illegal gains through shell companies or other misleading ownership structures.

The Financial Crimes Enforcement Network (FinCEN) launched the BOI E-Filing website to file the beneficial ownership information report (https://boiefiling.fincen.gov) on January 1, 2024.
•    A reporting company created or registered to do business before January 1, 2024, will have until January 1, 2025, to file its initial BOI report.
•    A reporting company created or registered in 2024 will have 90 calendar days to file after receiving actual or public notice that its creation or registration is effective.
•    A reporting company created or registered on or after January 1, 2025, will have 30 calendar days to file after receiving actual or public notice that its creation or registration is effective.