FinCEN began accepting beneficial ownership reports on January 1, 2024.
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- Reporting companies created on or after January 1, 2024: must file an initial report within 90 days of reporting company formation.
- Reporting companies created before January 1, 2024, will have until January 1, 2025 to file an initial report.
- Updates or corrections to previously filed beneficial ownership information must be submitted within 30 days of the change.
Beginning January 1, 2025, the deadline for initial reports will shorten to 30 days from the date of formation.