**NOTE, as of December 3rd, 2024 “[existing] reporting companies need not comply with the CTA’s January 1, 2025, BOI reporting deadline,” and that FinCEN cannot enforce any of the CTA’s penalties for willful noncompliance against entities or individuals. Corporate Transparency Act (CTA)

   Alert: Impact of Ongoing Litigation – Deadline Stay – Voluntary Submission Only

“Reporting companies are not currently required to file their beneficial ownership information with FinCEN and will not be subject to liability if they fail to do so while the preliminary injunction remains in effect. Nevertheless, reporting companies may continue to voluntarily submit beneficial ownership information reports.”

Financial Crimes Enforcement Network (FinCEN)/U.S. Dept. Of Treasury is requiring this new anti-money laundering provision.

Many companies doing business in the United States are required to report information to the U.S. Treasury Department’s Financial Crimes Enforcement Network about who ultimately owns or controls them.

• WHERE to file BOIR, Help pages, and a How-to Video from FinCEN:
  • Access online or PDF reporting here: https://boiefiling.fincen.gov/ 
  • FinCEN help & Resources page is here: https://boiefiling.fincen.gov/help
  • Five-Minute Demo: How to File a Beneficial Ownership Information (BOI) Report
    https://www.youtube.com/watch?v=GydCvfbKxPw 

REMEMBER: Save a copy of your report and the submission confirmation.

BEWARE of BOI scams. Scammers may try to trick individuals into providing sensitive business information or paying fees by posing as legitimate government agencies. Beware of emails or letters that ask you to click on suspicious URLs or scan QR codes to file your BOI.

NOTE: FinCEN does not send correspondence requesting payment for BOI filing. Do not send any money in response to these requests.

REMINDER:

• Official websites use .gov
  A .gov website belongs to an official government organization in the United States.
• Secure .gov websites use HTTPS
  A lock or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.

November 2024