FinCEN issues FAQs on BOI reporting by dissolved companies

On July 8, 2024, FinCEN issued two new FAQs regarding beneficial ownership information (BOI) reporting for dissolved companies. Companies that ceased to exist before January 1, 2024, are not required to file a BOI report. However, companies that existed at any time after that date, even if they stopped operations before then, must report their BOI. Additionally, companies created or registered on or after January 1, 2024, must file a BOI report even if they dissolve before the report's due date. For more information, click here.