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Own A Business/LLC?

last year

We've been alerted to a new law requiring the real people who own or control a business to file information with the US government. Deadline is January 1, 2025. It's a one-time filing.

This is due to a new (bipartisan-sponsored) law "to protect US economic and national security".

I saw a half-page ad in the Chicago Tribune last week advising of the requirement. The ad directs people to: www.fincen.gov/boi

FINCEN is Financial Crimes Enforcement Network, within the Department of the Treasury.

Our accountant also notified us of this. Evidently we need to look into this because we created an LLC to own our little two-flat rental. You, too?



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