📢 Important Update! The Financial Crimes Enforcement Network (FinCEN) has ADOPTED a rule to extend the reporting deadline for companies formed in 2024 to file their Beneficial Ownership Information Reports.
📅 The new rule extends the reporting deadline from 30 to 90 days for entities created or registered to do business in the US between January 1, 2024, and January 1, 2025. The rule does not change the one-year registration deadline for companies already in existence.
👩💼 This extension aims to provide these newly-formed companies with additional time to understand their regulatory obligations, gather the required information, and familiarize themselves with FinCEN's guidance and educational materials.
📝 FinCEN encourages the public to review this proposal and provide comments by October 30, 2023.
🔗 For more details, visit the official FinCEN website: www.fincen.gov/boi
Published 23.09.23