** File your Beneficial Ownership Information Report on time **

Beginning on January 1, 2024, the Financial Crimes Enforcement Network (FinCEN) required many small businesses to report Beneficial Ownership information (BOI). By requiring businesses to make their ownership structures known to FinCEN, BOI reporting creates transparency in companies where none may have existed. These filings to small businesses must be filed before January 1, 2025.
As a small business owner, you may need to share your company’s beneficial owner(s) via a BOI report. Do not ignore this duty. Instead, add it to the list of other compliance activities you already track. Remaining compliant is a key part of managing your small business and avoiding costly penalties.
Caruso Thompson can help relieve the stress of this new task to protect your company’s good standing. Our firm will be offering our clients this service as an additional engagement. If you would like more information and would like us to submit your Beneficial Ownership Information Report, please contact our office.