Beneficial Ownership Information (BOI) Homepage
Under the Corporate Transparency Act, starting January 1, 2024, most domestic and foreign companies doing business in the U.S. must file Beneficial Ownership Information (BOI) reports with FinCEN. A reporting company is typically defined as any corporation, LLC, or similar entity formed by filing a document with a state office, unless it falls into one of the 23 exempt categories, such as large operating companies, banks, or registered investment companies. These reports are part of the U.S. government’s effort to combat financial crimes by making ownership structures more transparent. Each report must identify the company’s beneficial owners—individuals who own at least 25% or have substantial control—and provide their name, birthdate, address, and an identifying document. Companies formed before January 1, 2024, have until January 1, 2025, to file, while those created after must file within 30 days. Reports will be submitted electronically via a secure FinCEN system.
U.S. Department of the Treasury BOI Frequently Asked Questions (Multiple Languages)
How to Report:
Reporting companies report beneficial ownership information electronically through FinCEN’s website: www.fincen.gov/boi. The system provides a confirmation of receipt once a completed report is filed with FinCEN.
