Corporate Transparency Act

 

 How to File a Beneficial Ownership Information Report (BOIR)

  1. Is your company exempt from reporting?
    • Are you tax-exempt? If so, you do not need to file a BOIR.
    • Do you have more than 20 full-time employees in the U.S., a physical office in the U.S., and gross sales or receipts over $5,000,000 from U.S. operations? If so, you do not need to file a BOIR.
    • Check here for other exemptions.
  1. If your company is not exempt, you must file a BOIR.
  • Use our BOIR checklist here to gather the information and documents that are required for the BOIR before you go to the BOIR portal.
  • Go to the BOIR portal: https://boiefiling.fincen.gov/. You can file the report one of two ways:
    • You can use Adobe Acrobat Reader to prepare the report in PDF format. This allows you to save and go back and make changes before filing.
    • File online. The online option does not need Adobe Acrobat Reader, however, you cannot save and go back and make changes
  • Enter information or click on each action tab and fill out information.
  • Finalize and submit form; certify form.
  • Once submitted you will get progress bar which will let you if rejected or successful.
  • Once Submission Status Confirmation is displayed, select Download Transcript to download PDF copy which will serve as your receipt of submission.

 

There is no annual reporting requirement. Reporting companies must file an initial BOI report and updated or corrected BOI reports as needed.

 

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