FinCEN Issues Initial Beneficial Ownership Information Reporting Guidance

On March 24, 2023, the Financial Crimes Enforcement Network (FinCEN) published its first set of guidance materials to aid the public, and in particular the small business community, in understanding upcoming beneficial ownership information (BOI) reporting requirements taking effect on January 1, 2024. The new regulations require many corporations, limited liability companies, and other entities created in or registered to do business in the United States to report information about their beneficial owners—the persons who ultimately own or control the company—to FinCEN.

For additional information, please refer to the following helpful links, which can be found on FinCEN’s beneficial ownership information reporting webpage,


Small Entity Compliance Guide (additional translations posted)

BOI Brochure

Key Filing Dates

Key Questions:

An Introductory Video:

A More Detailed Informational Video: