New reporting requirement became effective January 1, 2024.  

Many companies (such as LLCs and Corporations) must report information about their “Beneficial Owners” – the people who own/control the company.  

They are required to report to the Financial Crimes Enforcement Network – a bureau of the US Department of Treasury.

There are some exemptions but most likely you’ll be required to report.

Do not lose your peace – we are more than happy to give you any guidance.

If you have questions or would like us to handle this for you then give us a call.