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WHAT DO BOARD
MEMBERS HAVE TO DO?
Reporting companies, company applicants, and
beneficial owners are required to submit information
to FinCEN by January 1, 2025. Failure to comply
may lead to significant fines and penalties. The
information required includes:
For reporting companies
• Entity name
• Trade name
• Address of principal place of business
• State
• IRS Taxpayer Identification Number (TIN) or
Employer Identification Number (EIN)
For beneficial owners (beneficial owner information)
• Full legal name
• Date of birth
• Residential address
• Unique identifying number, such as state or
local ID, driver's license, U.S. passport
• Upload an image of the identification document
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