Simplifying
the Complex
As of January 1, 2024, many domestic entities created, or foreign entities first registered to do business in the U.S., on or after that date are required to report information to the Financial Crimes Enforcement Network (FinCEN) about the individuals who create and ultimately own and control them. Domestic entities created, or foreign entities registered, in the U.S. before January 1, 2024, have until January 1, 2025, to report such beneficial ownership information (BOI) to FinCEN
Seemless Reports
Specifically, these entities (Reporting Companies) must file a report detailing certain identifying information about: (i) the Reporting Company; (ii) the individuals who directly or indirectly exercise “substantial control” of a Reporting Company, or own or control at least 25% of the ownership interests in the Reporting Company (Beneficial Owners); and (iii) for those entities so created or registered on or after January 1, 2024
All-In-One
Report
Before the Corporate Transparency Act, business information filing was at the discretion of the states. While businesses still have to follow their state’s specific rules, this is a new requirement entirely—it doesn’t take the place of anything you already have to do. Instead, it’s an additional step.
Reports Done For You
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Summarize the basic requirements of the BOI reporting rules;
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Track FinCEN’s continued guidance and rulemaking, and summarize the import for potential filers and entities—particularly financial institutions—who may be entitled to access BOI reported to FinCEN;
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Track FinCEN’s anticipated guidance and rulemaking regarding revisions to financial institutions’ customer due diligence (CDD) obligations; and
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Offer our analysis on best practices for complying with the BOI reporting and other CTA requirements.
Should you have any questions about the applicability of the BOI reporting requirements, or other CTA provisions, please reach out to one of the Key Contacts listed here.
I have all my corps registered with FinCEN bio reports, which are extremely informative!
Elle Jansen
Design Team Lead at Fixteria
Easy and seamless BOI reporting with them! I recommend this company to all of my work associates.
Suzan Li
Marketing Manager at Truvision
Finally, I'm compliant and up and have all my corporations registered. They were fast and easy to deal with!
Pete Adams
Creative Director at ArtBlip
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A Better Way to Report
A FinCEN Identifier Number is an unique identifying number available to individuals and reporting companies through FinCEN. You can use this number instead of submitting your personal information on your BOI Report. You can receive a FinCEN Identifier Number by submitting the same four pieces of information (legal name, date of birth, address, and an identifying document with unique identifying number) to FinCEN.