Under the Corporate Transparency Act (CTA), P.L. 116-283, which Congress passed in 2021 as an anti-money-laundering initiative, reporting companies must disclose the identity and information about beneficial owners of the entities.
Companies created in 2024 have 90 days from their creation date to file BOI reports, while the deadline for companies created before 2024 is Jan. 1.
Companies founded or registered on or after Jan. 1, 2025, must submit a BOI report within 30 calendar days of registration. Companies must file updated or corrected BOI reports within 30 days of any modifications or updates to their company information or beneficial owners.
For assistance in preparing and filing your BOI report, please reach out to our office right away and we will promptly guide you through the process!