Beneficial Ownership Information (BOI) – UPDATE

All entities created in the United States including those previously known as “domestic reporting companies” and their beneficial owners are now EXEMPT from the requirement to report beneficial ownership information (BOI) to FinCEN. Existing foreign companies that must report their beneficial ownership information have at least an additional 30 days from March 26, 2025, until April 25, 2025, for most companies to do so.

For assistance, contact the SBDC at (915) 831-7742

The SBDC helps new and existing business owners successfully navigate the obstacles that come with the various stages of the business life cycle. Call to schedule an appointment with an SBDC business advisor.