FinCen is the Financial Crimes Enforment Network is a Bureau of the United States Treasury. They handle many functions but a vital function is anti money laundering. The Corporate Transparency Act ("CTA") begining on January 1, 2024 began reuiring all new corporations, new limited liability company's and other entities formed with a Secretary of State or similar agency in all 50 States. Every corporation and limited liability company fromed after January 1, 2024 must file a Benficial ownership information report with Fincen. All corporations and Limited Liability Company's whenever formed must file beginning January 1, 2025. There are certain exemptions.
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