Description

The Financial Crimes Enforcement Network (FinCEN) has launched a new reporting requirement for businesses to disclose their beneficial ownership information (BOI). If your company was created or registered before January 1, 2024, you have until January 1, 2025, to file your initial BOI report. There is no fee for submitting your report and businesses not registering may incur civil penalties of up to $500 per day. Please read more about the requirements here. If you need support in filing your Beneficial Ownership Information with the FinCEN, join the Arvada Chamber for free assistance to fill out the form and have your questions answered!