Corporate Transparency Act 2024 For Llc. Many companies are required to report information to fincen about the individuals who ultimately own or control them. On january 1, 2024, the new requirement to file a beneficial ownership information (boi) report with the financial crimes enforcement network (fincen) went.

The corporate transparency act (cta), enacted in 2021, was passed to enhance transparency in entity structures and ownership to combat money laundering, tax fraud, and. Fincen began accepting reports on january 1, 2024.