Jason E. Rosen | Managing Partner Marta Corbi | Country Manager jerosen@ontier.net mcorbi@ontier.net an entity or owns or controls 25% or more of the ownership inter- ests of a company. Over 2 million entities, including 500,000 new LLCs in Florida in 2022, face increased transparency requirements starting January 1, 2024, combating corporate anonymity and addressing concerns of money laundering and terrorist financing. Failure to provide the required information or providing or attempt- ing to provide false or fraudulent information could subject the ben- eficial owner(s) and/or the company to criminal and/or civil penalties. Reporting Entities that are formed after January 1, 2024, shall sub- mit the required information to FinCEN within 30 days of formation. Those Reporting Entities previously registered with a state must report before January 1, 2025. 63