Most businesses formed or operating in the U.S. must submit a BOI report in 2024.

The BOI report discloses the identities of persons with control or significant influence over a company.

The deadline for the initial BOI report depends on your company’s formation date:

• Before 2024: Report due by December 31, 2024
• During 2024: Report due within 90 days of formation
• After January 1, 2025: Report due within 30 days of formation

For more detailed information, please read the full article on the America’s SBDC blog: Have You Filed Your BOI Report Yet? For Most SBDC Members, It’s Required in 2024 for Ongoing Compliance

Or visit the FinCEN website: https://www.fincen.gov/