ALERT [Updated March 26, 2025]: All entities created in the United States — including those previously known as “domestic reporting companies” — and their beneficial owners are now exempt from the requirement to report beneficial ownership information to FinCEN. Existing foreign companies that must report their beneficial ownership information have at least an additional 30 days from March 26, 2025—until April 25, 2025, for most companies—to do so. For more information, see press release and alert .
BENEFICIAL OWNERSHIP INFORMATION REPORTING IS OPTIONAL
The BOI Reporting is a new mandatory program for identifying owners of businesses to avoid fraudulent activities from bad actors.
All Current Business Owners must complete registration for each entity by March 21, 2025
*Failing to file can result in civil penalties starting at $500 per day after the March 21, 2025 due date.
This is the link for more information and to do your initial registration.
You will need to upload your identifying document(s) for all owners (Driver’s License or Passport) available for uploading.
We are not offering this service at this time.
Thank you,
Zweig & Associates, CPA’s
