Small Entity Compliance Guide for Beneficial Ownership Reporting

Effective January 1, 2024, many entities registered and doing business in the United States must now report information regarding the individuals who control a company to the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN).  

FinCEN has developed this Small Entity Compliance Guide which is designed to help small-businesses determine if they are required to report and how to comply with the requirements of the beneficial ownership information reporting rule.  It may be a great resource for your small business clients who are navigating this new requirement.