What is the Beneficial Ownership Information Reporting Rule?
The Beneficial Ownership Information Reporting Rule under the Corporate Transparency Act introduces A NEW RULE REQUIRING companies to report beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN), a part of the U.S. Treasury.
Beneficial Ownership Reporting: Most companies in the U.S. must report the identities of their beneficial owners. A "beneficial owner" is someone who owns or controls at least 25% of the company or has substantial influence over its operations.
Instructions
Fill out all the information below and click "Create BOI Report" to submit REQUIRED REPORT.
The Beneficial Ownership Information Reporting Rule under the Corporate Transparency Act introduces A NEW RULE REQUIRING companies to report beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN), a part of the U.S. Treasury.
Beneficial Ownership Reporting: Most companies in the U.S. must report the identities of their beneficial owners. A "beneficial owner" is someone who owns or controls at least 25% of the company or has substantial influence over its operations.
Instructions
Fill out all the information below and click "Create BOI Report" to submit REQUIRED REPORT.
- Select Report Type: Choose your filing type (initial, update, etc.).
- Provide Contact Information: Enter email and phone number.
- Business Details: Include the legal name, DBA, country, state of incorporation, and TIN.
- Business Address: Enter the complete business address.
- Beneficial Owner Information: Provide the name, address, date of birth, and document details for each owner. (Click blue Add Beneficial Owner button as necessary.)
- Upload a Valid Government ID: If using a driver’s license, FinCen requires you upload both the front and back. For passports or single-sided IDs, only the front is required.
- Make sure to click the link at the top of the page that says Bookmark this page! (this will bring you back to your form page whenever you need.)
- Missing info: If for any reason you don't have all the information (or IDs) you need at the time, there's a button at the bottom right of the form labeled Save as Draft. Click that and all the info you've entered thus far will be saved so you can return (by going to the bookmark mentioned in step 7) and edit the form until completion. The blue Create BOI Report button changes to Update BOI Report, but functions the same. (Nothing has been submitted to Fincen until you complete your first report.)
- Submit: Click blue Create BOI Report to submit and pay the fee.
Total fee is $249 per entity.
Please note: Any changes in business address and/or business officer(s) (beneficial owner) will require an updated submission. (This includes but is not limited to any changes or expiration of the uploaded IDs)
Our fee includes quarterly reminders for compliance updates and notifications for expiring identity documents.