Source of this page
This regulation detail page is rendered from the SMBRegs static catalog, not a live government database record. Use the official filing link below to verify current requirements before filing or relying on this summary.
Description
Under the Corporate Transparency Act, most companies must report beneficial ownership information to FinCEN. Companies created before 2024 had until Jan 1, 2025 to file. New companies must file within 90 days of formation.
Key Details
- Jurisdiction
- Federal
- Category
- Reporting
- Renewal Frequency
- one-time
- Estimated Cost
- Free
- Estimated Time
- 30 minutes
Penalties for Non-Compliance
$500 per day of non-compliance; up to $10,000 and 2 years imprisonment for willful violations
Who This Applies To
Business Types: LLC, C-Corporation, S-Corporation
Official Filing Link
https://www.fincen.gov/boiDoes this apply to your business?
Answer a few questions and we will tell you exactly which regulations you need to comply with.
Check If This Applies to You