Avoid Penalties on Your LLC, Corporation or Other Business Entity

by Libby Banks, The Law Office of Libby Banks, PLLC We want to alert you to a new law requiring you to provide information about “beneficial owners” of your LLC, corporation or partnership. You must report the beneficial owners of your business in a Beneficial Ownership Information (BOI) report on-line at:  https://www.fincen.gov/boi. More on how to file below. When do you have to file? A business existing before January 1, 2024, has until January 1, 2025 to file the report. An entity formed in 2024 has 90 days to file. Updated reports are required within 30 days when certain of your information...

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