Beneficial Ownership Information Reporting
The BOI reporting deadline is March 21, 2025 for most companies.
Beneficial Ownership Information Report
Who
An entity is required to report beneficial ownership information if it is a "reporting company" and does not qualify for an exemption.
**Chapter 1 of FinCEN's Small Entity Compliance Guide may assist in determining whether an entity qualifies for an exemption.
**Chapter 1 of FinCEN's Small Entity Compliance Guide may assist in determining whether an entity qualifies for an exemption.
What
Beneficial ownership information is information about an entity, its beneficial owners, and, in certain cases, its company applicants. The person submitting beneficial ownership information to FinCEN must certify that the information is true, correct, and complete.
The specific information required is described in these instructions and in Chapter 4 of FinCEN's Small Entity Compliance Guide.
The specific information required is described in these instructions and in Chapter 4 of FinCEN's Small Entity Compliance Guide.
When
FinCEN will begin accepting BOIRs electronically through its secure filing system January 1.2024. FinCEN will not accept BOIRs prior to January 1,2024.
If reporting company already exists as of January 1, 2024, it must file its initial BOIR by January 1. 2025.
If a reporting company is created or registered to do business in the U.S. on or after January 1, 2024 and before January 1, 2025, it must file its initial BOIR within 90 days after receiving actual or public notice that its creation or registration is effective.
If reporting company already exists as of January 1, 2024, it must file its initial BOIR by January 1. 2025.
If a reporting company is created or registered to do business in the U.S. on or after January 1, 2024 and before January 1, 2025, it must file its initial BOIR within 90 days after receiving actual or public notice that its creation or registration is effective.
