Update: Feb 24, 2025
We’ve got a full-fledged Ross and Rachel situation going on here.
LLC owners, take note: After a lot of back and forth, the Beneficial Ownership Information Report (BOIR) filing requirement is back in effect with a reporting deadline of March 21, 2025, for most companies.
In other words, we are no longer “on a break.”
Here’s the official update from the Financial Crimes Enforcement Network (FinCEN).
And ICYMI, in January 2024, the US Treasury Department introduced a new reporting requirement that applies to registered businesses, like LLCs. Learn more about it (and how to file) in this (<10min) podcast Episode 139.
Other Resources on this Topic
BOIR Filing Requirement Update for Registered Music Studios in the US [Article]
Music Studio Startup Episode 156 – Beneficial Ownership Information (BOI) Reporting Requirement [Podcast]
FinCEN ID Application for Individuals
FinCEN Beneficial Ownership Information Report Help & Resources
Beneficial Ownership Information Reporting FAQs | FinCEN.gov
Beneficial Ownership Information Reporting Rule Fact Sheet | FinCEN.gov