The Beneficial Owner Information is a NEW reporting requirement for all entities that have filed with the Secretary of State to set up their entity.
The BOI reporting requirements take effect Jan. 1, 2024, which is the same day FinCEN will launch its BOI information technology system to securely collect, process and store the reported information. FinCEN plans to issue another rule to revise the agency’s customer due diligence rule, as required under the CTA. Currently operating businesses must file by 12-31-24. Businesses that have started after 1-1-2024, must file within 90 days of filing with the secretary of state.
This must be filed by the owners of the company. Ohio does not permit CPA’s to file these on behalf of clients. However, you may call us with any questions.