Beneficial Ownership Information Filing Services

REDW offers expert assistance in navigating these new reporting requirements. As part of our filing services, we will consult with you to determine which entities need to file and identify who qualifies as a Beneficial Owner.

• If you have more than seven entities that need to be reported, or if you need help determining filing requirements, please contact us directly.
• Companies have until January 1, 2025 to file its beneficial ownership information report.

Beginning on January 1, 2024, entities are required to report Beneficial Ownership Information to the Financial Crimes Enforcement Network (FinCEN), a department under the United States Treasury. This requirement stems from the Corporate Transparency Act, which was enacted on January 1, 2021, and aims to combat money laundering, terrorist financing, corruption, and tax fraud. Entities must submit details about their Beneficial Owners and other relevant business information before January 1, 2025. Non-compliance can lead to severe consequences, including criminal penalties and fines of up to $10,000. 

REDW will handle the reporting process through the FinCEN website on your behalf. Our comprehensive services ensure that all aspects of Beneficial Ownership Information Reporting are covered, including identifying any applicable filing exceptions for your business. This requirement extends beyond just entities that file tax returns and may include Single Member Limited Liability Companies, Disregarded Entities, and other similar entities. Let our expert team manage the reporting process for you, alleviating the burden and ensuring compliance with the new regulations.