As of January 1, 2024, the SEC requires all businesses to prepare beneficial owner interest (BOI) reports.

If your business started before January 1, 2024, you have until January 1, 2025 to submit your reports.

However, if your business started after January 1, 2024, you have 90 calendar days after company creation—not business days, but calendar days—to submit this report.

What’s Required for the Report?

Fortunately, the information needed for this report is easy to get. You only need four things:

  1. Name
  2. Date of birth
  3. Address
  4. Valid ID (driver’s license, passport, or other state ID)

Plus, these reports are one-and-done. This is not an annual report. You’ll only need to make updates if there are changes in the business.

If you have any other questions or concerns, please reach out.

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