State Incorporation - Collection of Company Ownership Info

Reporting of Beneficial Ownership Information to the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) 

  • As of January 1, 2024, certain types of corporations, limited liability companies, and other similar entities created in or registered to do business in the United States must report information about their beneficial owners—the persons who ultimately own or control the company—to the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN).  Additional information about the reporting requirements, including answers to questions such as “is my company required to report beneficial ownership information to FinCEN,” “who is a beneficial owner,” and “when do I need to report my company’s beneficial ownership information" is available on FinCEN’s beneficial ownership information webpage,

  • On January 1, 2021, the FY 2021 National Defense Authorization Act became Public Law 116-283. The law requires certain corporations and LLCs to report beneficial ownership information to the U.S. Department of the Treasury. 

As the officials who oversee the 50-state incorporation process in the U.S., Secretaries of State are dedicated to assisting federal law enforcement in cracking down against criminals who attempt to hide behind front companies and shell entities. 

State business entity formation processes are ministerial in nature. Additionally, entity information filed with the state business registry is public information.

Additional Resources

Related Links