🚨 Important Update: Beneficial Ownership Reporting Temporarily Halted. A court-ordered injunction has paused the collection of Beneficial Ownership Information (BOIR). The Department of Justice has filed a formal appeal with the Fifth Circuit. We are not collecting BOIR at this time.

🔔 Stay Informed: Sign up to be notified when or if the injunction is overturned and the mandate to report your BOIR resumes.

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What is the BOI Report?

The Corporate Transparency Act requires all US-based and foreign businesses in the 50 states to report Beneficial Ownership Information (BOI). It's required to comply with the Financial Crimes Enforcement Network (FinCEN) to meet these new regulations.

FinCEN BOI Filing

What is the BOI Report?

Both reporting companies and their beneficial owners are required

Business Owners

All beneficial owners of a USA based LLC that meets the requirements will have to file their information in a BOI report

Most USA-based LLCs

Most businesses that were formed in the USA, prior to January 1, 2024 are now required to file a BOI report

What information is needed to file?

FinCEN BOI Filing makes filing your BOI simple, by only needing a few details

Reporting Company Details

When filing with FinCEN BOI Filing, you only need to provide your Company Name, EIN, and company address

Beneficial Owner Information

All beneficial owners of a company are required to file their names, ownership %, and their address

Ready to file?

Less than 5 minutes

FinCEN BOI Filing makes your BOI reporting requirement quick and easy

Privacy is paramount at FinCEN BOI Filing. We ensure confidentiality by securely transmitting reports to FinCEN via an approved API connection with their system.

Accurate Compliance

Ensuring you are legally compliant with new BOI reporting requirements

FinCEN BOI Filing offers BOI reports at $39 per entity with no additional fees or upselling.

How to file your BOI?

FinCEN BOI Filing makes filing your BOI Report an easy three step process, detailed below.

1. Take eligibility quiz

Click here to take our eligibility quiz to determine if you need to file a BOI report. This takes less than 3 mins.

2. Submit your filing

Complete the FinCEN BOI Filing form with your information, typically taking 5-10 minutes

3. Receive filing confirmation

After we securely transmit the information via our secure API connection to the FinCEN reporting system, you'll receive a confirmation email once your BOI is approved.

FinCEN BOI Filing

How to file your BOI?

To determine your filing deadline, select when your business was formed...

Was your business formed before January 1st, 2024?

For companies formed before January 1, 2024, the deadline for the initial BOI report submission is January 1, 2025.

Important Reminder

Late filings can result in fines of $500 per day, up to $10,000

Was your business formed on or after January 1, 2024

Companies established on or after January 1, 2024, must submit their initial report within 90 days of their creation date.

Late filings can results in fines of $500 per day, up to $10,000

Stay ahead of late penalties

1. Take eligibility quiz

Act now to ensure full BOI compliance with current regulations and avoid potential legal penalties.

Timely BOI submission is crucial for maintaining your company's good standing and avoiding costly fines.

Resource center

Beneficial Ownership information Reporting Injunction

Corporate Transparency Act Enforcement Temporarily Halted: What Businesses Need to Know

Business Law, Current Updates

December 10, 2024

Illustration of business entity Beneficial Ownership Filing

Who is Exempt from Filing a Beneficial Ownership Information (BOI) Report and Why?

Blog

September 4, 2024

Do rental property owners need to file a beneficial ownership information report?

Do Rental Property Owners Need to File a Beneficial Ownership Information Report for Their LLC?

BOI Report, Real Estate Regulations

September 3, 2024

Frequently Asked Questions

Have questions about the Beneficial Ownership Filing process? Check out FinCEN BOI Filing's frequently asked questions for the answer.

A Beneficial Ownership Information (BOI) report is a filing required by FinCEN to disclose key details about individuals who own or control a company, ensuring compliance with anti-money laundering laws and enhancing corporate transparency. Filing a BOI takes 5-10 minutes and can be done here

The Corporate Transparency Act (CTA) reporting requirements take effect on January 1, 2024. Business entities established before this date have until January 1, 2025, to meet the reporting obligations.

Yes, failing to file a BOI report can result in substantial penalties, including hefty fines and potential legal repercussions. Learn more about the BOI deadlines and non-filing BOI penalties.

Filing a BOI takes about 5-10 minutes and can be done here. If you’re not sure if you are required to file, you can take the one minute BOI Eligibility Quiz.

A beneficial owner is any individual who either:

  1. Directly or indirectly exercises substantial control over the reporting company, or
  2. Directly or indirectly owns or controls 25% or more of the company’s ownership interests.

Substantial control includes the power to direct, influence, or determine significant decisions of the company. This may involve senior officers or individuals with authority to appoint or remove senior officers or a majority of the board.

Ownership interests encompass rights that establish ownership in the company, ranging from basic stock shares to more complex financial instruments.

For more details on “substantial control” and “ownership interests,” refer to our guide on complex ownership structures.

We submit reports through a secure API connection directly with FinCEN’s Beneficial Ownership Secure System (BOSS). This integration allows for seamless and efficient filing of Beneficial Ownership Information reports, reducing the time it takes to complete and submit a report.

Our user-friendly form is designed to minimize errors by guiding you through the process with clear prompts and checks. Additionally, by using the secure API connection, we ensure that your data remains private and protected throughout the submission process, adhering to the highest security standards.

The beneficial ownership information will be accessible only to authorized government agencies, such as law enforcement and regulatory authorities, for the purpose of combating money laundering, fraud, and other financial crimes.

This data is not publicly available and is used solely for compliance with legal and regulatory requirements. Only those with a legitimate need, as defined by the law, will be able to access this information to ensure transparency and uphold national security.

You can read more about keeping your personal information private when filing your BOIR.

No, you do not need to file a Beneficial Ownership Information Report (BOIR) annually. However, you are required to update and file a new report if there are any changes to the beneficial ownership or company applicant information, such as changes in ownership or control. The report must be filed when there are material updates, but there is no annual filing requirement unless changes occur.

Type of Report
The reporting company must specify the type of report being submitted: an initial report, a correction of a prior report, or an update to a prior report.


Company Information
The reporting company must provide the following details:

  • Legal Name: The official name of the company.
  • Trade Name: Any “doing business as” (DBA) names used by the company.
  • Address: The current street address of its principal place of business. If the principal place of business is outside the U.S., the company must report the address from which it conducts business in the U.S.
  • Taxpayer Identification Number (TIN): This includes an EIN, SSN, or ITIN, as appropriate.

Beneficial Owner Information
The reporting company must provide the following details for each beneficial owner:

  • Legal Name: The individual’s full legal name.
  • Date of Birth: The individual’s date of birth.
  • Address: The individual’s residential street address.
  • Identification Document: A unique identifying number from an acceptable identification document, the issuing state or jurisdiction, and an image of the document.

Company Applicant Information (if required)
For reporting companies created on or after January 1, 2024, the following information about the company applicant must be provided:

  • Address: The individual’s residential street address. If the applicant forms or registers companies as part of their business (e.g., paralegals), the business address can be used. The address does not need to be in the U.S.
  • Identification Document: A unique identifying number from an acceptable identification document, the issuing state or jurisdiction, and an image of the document.

Most businesses are required to file a BOI report, with exceptions for 23 specific categories, such as publicly traded companies and other regulated entities. To learn more about these exemptions and determine if your business needs to file, read this article.

 
  • Companies formed or registered before January 1, 2024, must file an initial BOI report by January 1, 2025.
  • Companies formed or registered in 2024 must file a BOI report within 90 days of receiving actual or public notice of their formation or registration.
  • Companies formed or registered on or after January 1, 2025, must file their initial BOI report within 30 days of receiving actual or public notice.

You can learn more about the BOI deadlines here.

Acceptable identification documents include the following:

  • A valid, unexpired driver’s license issued by a U.S. state or territory.
  • A valid, unexpired ID card issued by a U.S. state, local government, or Indian Tribe for identification purposes.
  • A valid, unexpired passport issued by the U.S. government.
  • If none of the above is available, a valid, unexpired passport issued by a foreign government may be used instead.

An identification document must be collected for each beneficial owner.

For companies formed after 2023, an ID must also be provided for the company applicant.

A company applicant is the individual responsible for creating or registering a company. Specifically, it includes:

  1. The individual who directly files the document to form or register the entity with the relevant state or tribal authority, such as the Secretary of State.
  2. The individual primarily responsible for directing or controlling the filing process, even if they are not the one submitting it.

For companies formed or registered after January 1, 2024, this information must be reported as part of the Beneficial Ownership Information Report (BOIR).

Most individuals will be able to submit their Beneficial Ownership Information reports directly without needing assistance from attorneys or CPAs. Our streamlined, user-friendly form guides you through the process, making it simple to provide the required information accurately and efficiently.

Yes, a company is required to update or correct its beneficial ownership information whenever it is no longer accurate. If there are any changes to the company’s beneficial owners or company applicant information, such as a change in ownership percentages or control, the company must file an updated report with the correct details. This ensures that the information on record remains accurate and compliant with the reporting requirements, helping to maintain transparency and reduce the risk of misuse.

After submitting your BOIR through our website, you will receive an email containing a unique submission process ID, confirming that your submission has been successfully received.

The email will also notify you once FinCEN has accepted your report. In rare instances, if your submission is rejected, we will inform you of the reason and provide a link to resubmit the corrected information.

You can track the status of all your submissions through our BOIR tracking page, ensuring you stay updated on the progress of your report. Most submission have a confirmed acceptance within a few minutes of submission. 

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  • Securities reporting issuer
  • Governmental authority
  • Bank
  • Credit union
  • Depository institution holding company
  • Money services business
  • Broker or dealer in securities
  • Securities exchange or clearing agency
  • Other Exchange Act registered entity
  • Investment company or investment adviser
  • Venture capital fund adviser
  • Insurance company
  • State-licensed insurance producer
  • Commodity Exchange Act registered entity
  • Accounting firm
  • Public utility
  • Financial market utility
  • Pooled investment vehicle
  • Tax-exempt entity
  • Entity assisting a tax-exempt entity
  • Large operating company
  • Subsidiary of certain exempt entities
  • Inactive entity