New requirement for most businesses beginning January 1, 2024

Beginning on January 1, 2024, many corporations, limited liability companies, and other entities created or registered to do business in the United States must report information about their beneficial owners—the persons who ultimately own or control the company—to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). provides guidance to help the small business community understand these requirements and includes:

Contact FinCEN for more information and answers to any questions.