On January 1, 2024, the Corporate Transparency Act (CTA) went into effect requiring millions of businesses operating in the United States to report their Beneficial Ownership Information (BOI) to the Financial Crimes Enforcement Network (FinCEN). A beneficial owner is any individual who, directly or indirectly, either exercises substantial control over a company or owns or controls at least 25 percent of the ownership interests of the company. The Corporate Transparency Act requires businesses to submit BOI reports to FinCEN and to notify the agency of any changes to the information that they reported as they occur.
As your trusted compliance partner, BizFilings stands ready to help you navigate this new requirement with an end-to-end solution that includes a “built-for-purpose” compliance platform and the capability to seamlessly handle all your Beneficial Ownership filings.