BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//The FENG//NONSGML v1.0//EN
BEGIN:VEVENT
UID:1714731829@thefeng.org
DTSTAMP:20240503T102349Z
DTSTART:20241001T153000Z
DTEND:20241001T170000Z
ORGANIZER;CN=Reuven Rubinson:MAILTO:RRubinsonCPA@gmail.com
SUMMARY:THE FENG: Beneficial Ownership Information (BOI) reporting to FinCEN
LOCATION:Zoom
DESCRIPTION:Effective January 1, 2024, many companies in the United States must report information about their beneficial owners—the individuals who ultimately own or control the company—to the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury. https://www.fincen.gov/sites/default/files/shared/BOI-Informational-Brochure-April-2024.pdf&nbsp;The good news is that if you were incorporated prior to 2024 you don't have to file the form until January 1, 2025. If you incorporate a new business in 2024, you will need to file the information within 90 days; for 2025 in future years it's 30 days.&nbsp;As of April, 2024, there are lots of open questions regarding this reporting, including one court declaring that the report exceeds the authority of FinCEN. Melissa Bustarde, Esq. of Branfman Mayfield Bustarde Reichenthal LLP will discuss the status of the reporting requirements as of October, 2024, in time for companies to meet their December 31 filing requirement.
END:VEVENT
END:VCALENDAR