Beginning January 1, 2024, certain types of business entities in the United States must report beneficial owner information (BOI) through the Financial Crimes Enforcement Network (FinCEN), an arm of the United States Department of the Treasury.

If your company was created prior to January 1, 2024, you will have until January 1, 2025, to report the BOI. Individual or beneficial owners can apply to FinCEN to receive a unique identification number that can be reported instead of providing more detail pursuant to a Beneficial Ownership Information Report (BOIR) to FinCEN.

Panter Law Firm, PLLC

7736 Old Canton Road, Suite B

Madison, MS 39110

601-607-3156