What Is a Beneficial Ownership Report (BOI)?
The BOI report provides identifying information about individuals who own or control a business...
BOI Filing Requirements
Reporting companies include domestic and foreign entities formed or registered by state filing...
What Is BOI for LLC?
For LLCs, the BOI requirement applies just like corporations, unless exempt...
What Is a Beneficial Owner?
A beneficial owner is any individual who exercises substantial control or owns at least 25%...
LLC Beneficial Ownership Report
There is no difference between an LLC BOI report and a corporate one—what matters is exemption...
BOI Reporting Requirements
When completing the BOI, you will need to list beneficial owners, applicants, and upload IDs...
Who Is Exempt from BOI Reporting?
There are 23 exempt entity types, including banks, credit unions, and certain nonprofits...
How to File a BOI Report
You can file your BOI report directly through FinCEN.gov/BOI...
Watch Out for Scams!
Beware of companies impersonating FinCEN or charging fees; FinCEN filing is free...
FinCEN BOI FAQs
FinCEN provides detailed FAQs and a Small Entity Compliance Guide for clarity...