FinCEN Extends Deadline for Companies Registering in 2024 to Submit Beneficial Ownership Information Reports
The Financial Crimes Enforcement Network (FinCEN) has announced a final rule granting an extension to the deadline for selected reporting companies to file their initial reports on beneficial ownership information (BOI). Companies established or registered in 2024 will now have a 90-day window from the effective date to submit their reports rather than the 30-day window previously proposed.
This effectively creates three cohorts of filers:
- Companies created or registered before 2024 – Initial beneficial ownership information reports must be filed by January 1, 2025.
- Companies created or registered during 2024 – Initial beneficial ownership information reports must be filed within 90 days of receiving actual or public notice of creation or registration becoming effective.
- Companies created or registered after 2024 – Initial beneficial ownership information reports must be filed within 30 days of receiving actual or public notice of creation or registration becoming effective.
Please note that FinCEN will accept no reports before January 1, 2024.
How Harbor Compliance Can Help
Harbor Compliance is dedicated to simplifying regulatory requirements across the areas of entity, license, tax, and records management. That often starts with providing the best available educational resources to enable companies across industries to sail through government filing complexity.
To learn more about the Corporate Transparency Act (CTA) and its implications for your business, check out our Information Center. And, when you’re ready to put your BOI reporting on autopilot, our BOI Reporting Service is here to help you every step of the way.
Throughout the process, our deep expertise and client-centric approach allow you to focus on your core mission and business goal.
