Navigating the New FinCEN Reporting Requirements for Small Businesses in 2024

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Starting January 1, 2024, your business will likely be required to report beneficial ownership information to the U.S. Treasury Financial Crimes Enforcement Network (FinCEN).  There are time limits on this reporting and significant civil and criminal penalties for failure to report. At this seminar, we will discuss what FinCEN reporting is, what information you will be required to report, and when the information needs to be reported. We will also discuss the limited exemptions to this reporting, but the reality is that most small businesses are not exempt and will be required to report.