Corporate Transparency Act

The Corporate Transparency Act is going to have an impact on Montanans that own or control a corporation, LLC or other entity formed by filing a document with the state or tribal authority.  The reporting obligations are effective 1/1/2024. 

• FinCEN has materials available on their website.  https://www.fincen.gov/boi
• FinCEN Introduction https://www.fincen.gov/sites/default/files/shared/BOI_FinCEN_Brochure_508C.pdf
• FinCEN Reporting Filing Dates https://www.fincen.gov/sites/default/files/shared/BOI_Reporting_Filing_Dates-Published03.24.23_508C.pdf
• Frequently asked questions https://www.fincen.gov/sites/default/files/shared/BOI_FAQs_Q&A_09.29.23._508C.pdf
• FinCEN Small Entity Compliance Guide https://www.fincen.gov/sites/default/files/shared/BOI_Small_Compliance_Guide_FINAL_Sept_508C.pdf
• FinCEN videos - https://www.fincen.gov/boi/videos
• FinCEN Extends Deadline for Companies Created or Registered in 2024 to File Beneficial Ownership Information Reports Press Release (November 29, 2023): https://www.fincen.gov/news/news-releases/fincen-extends-deadline-companies-created-or-registered-2024-file-beneficial 

Appreciation is expressed to the Business, Estates, Tax, Trusts and Real Property Section of the State Bar of Montana for this information.