Beneficial Ownership Information

The Corporate Transparency Act of 2021 was enacted to establish and maintain a national registry of beneficial owners for companies in the United States. This new federal reporting requirement went into effect January 1, 2024. Below is a letter from the Illinois Secretary of State with more information about the requirement. Additional information, including exemptions for certain types of businesses and FAQs about the requirement, can be found on the FinCEN website: https://fincen.gov/boi. This site is also where you go to register your information.

Learn more: https://fincen.gov/boi or consult your accountant.

FDIC Money Smart Resources

The FDIC's Money Smart financial education program can help people of all ages enhance their financial skills and create positive banking relationships. First released in 2001 and regularly updated since then, Money Smart has a long track record of success.

Choosing a Credit Counselor

Reputable credit counseling organizations can advise you on managing your money and debts, help you develop a budget, and offer free educational materials and workshops.