Beneficial Ownership Reporting Is Here: What Energy Marketers Need to Know About These New Requirements

Energy Marketers of America (EMA) has partnered with with Wolters Kluwer BizFilings to Help Streamline Beneficial Ownership Information (BOI) Filing Times.

As of January 1, 2024, more than 32 million existing entities are required to report the personal information of beneficial owners to a new federal database by January 1, 2025. Entities created this year will have to file within 90 days of creation. The rule issued by the Financial Crimes Enforcement Network (FinCEN) sets forth beneficial ownership information (BOI) reporting requirements mandated by the Corporate Transparency Act (CTA). This rule affects a broad spectrum of businesses, including many owned by energy marketers, and it is imperative you understand the scope of the rule as well as how to comply not just for the initial filing but for ongoing compliance.

BizFilings will offer EMA member companies a 12% discount off BOI report filings. The discount can be accessed via a dedicated EMA-member landing page below.

Click Here to Visit the EMA-Exclusive Landing Page to File your BOI Reports with our Special Discount Now

EMA President Rob Underwood said, “As a trusted compliance partner trusted by over 500,000 small businesses, BizFilings can help you organize, save time and protect your data today. BizFilings is the leading business compliance solutions provider with a history of innovation. I encourage energy marketers to use BizFilings to comply with the CTA’s Beneficial Ownership requirements.”

Webinar: Thursday, June 6, 2024, 11:00 a.m. EST

Join Wolters Kluwer BizFilings’ webinar on June 6, 2024, to learn:

  • What is the Corporate Transparency Act
  • Who is—and who isn’t—required to report BOI
  • When, where, and how BOI reports are filed
  • The benefits of working with a trusted provider to simplify CTA complexity

Wolters Kluwer BizFilings will host a webinar to assist EMA members navigate the filing website on Thursday, June 6 at 11am EST.

Click Here to Register for the June 6 Webinar