BOI

New Requirement for Businesses Registered with the Secretary of State: Beneficial Ownership Information

New Requirement for Businesses Registered with the Secretary of State: Beneficial Ownership Information

Businesses registered with the Secretary of State (such as LLCs or corporations) are now required to report Beneficial Ownership Information. A reporting company created or registered before January 1, 2024, will have until January 1, 2025, to file its initial BOI report. A reporting company created or registered in 2024 will have 90 calendar days to file its BOI report.