The Corporate Transparency Act requires most businesses (including small businesses) to report what is called “Beneficial Ownership Information” to the Department of Treasury’s Financial Crimes Enforcement Network. Reporting is free and takes only a few minutes.
Affected businesses that formed in 2024 have 90 days to file, while existing businesses must report their information by the end of 2024.
Click here to learn more about the Beneficial Ownership Information report and how to file.