I just finished registering. I figured this very to the point guide will help others.
- To protect against money laundering.
- Existing Corps started before 1/1/2024 must file by 1/1/2025.
- Corps started after 1/1/2024 must file within 30 days.
- Anyone who is not exempt. List of exemptions on FinCEN website [see below].
- NOTE: Real estate brokers are not exempt.
- Visit: www.fincen.gov/boi
- See if you're company exempt from reporting. If not you are required to report.
- File online BOIR using webform
- Select - Initial Report for first time filers
- Select the option to request a FinCEN ID
- Enter name of company and DBA names
- Enter Tax ID number
- Select country of formation.
- Address, city, state, zip.
- Company Applicant: Only companies that were created after 1/1/2024 need to include beneficial applicants. Info on the company applicant. Name, birthday, address, upload a driver's license or other ID. [At most 2 people can be company applicants]
- Enter Beneficial Owner information. Name, birthday, address, upload a driver's license or other ID. You can add multiple owners by clicking "add beneficial owner" button for each one.
- For the person entering data: Enter email, name and check off acknowledgement.
- Submit
- Download the confirmation page and save.
- FinCEN = Financial Crimes Enforcement Network
- Beneficial Ownership Information Report = What is submitted for you to comply with the CTA.
- Company Applicant = the person that actually filed for your company with the Secretary of State. It could be you, an accountant, attorney, etc.
