Here's how to file the mandatory Beneficial Ownership Information Report.

But first some background information...

Small business owners need to know about the Corporate Transparency Act that has signed into law the Beneficial Ownership Information (BOI) Report. The law requires certain business entities to provide information about the true owners of the company.  The new law's purpose is to give transparency about who owns a company.  One of its requirements is for nearly all registered/formed businesses to fill out a form on a government website, FinCEN.gov. This law was temporarily blocked 12/3 but then reinstated on 12/23.

YOUR IMPORTANT QUESTIONS ANSWERED

1)Where do I file?

FinCEN website at fincen.gov

2) Is this a one time report?

This is not an annual report but you will need to update the filing when ownership changes or any other information changes about your business entity.

3) Is there a fee to file?

There is no fee to file on the government website.  Be careful about websites asking for payments.

4) Who is required to file?

Reporting companies are corporations, LLCs and similar business entities.  

5) Who are the exempt companies.

You can see the full list of exempt companies here

6) What information should you gather before you start filing this report? 

If you want Ospina Law to handle this filing process for you, you can hire us! We are offering it as a service for business owners.  Email us at info@theospinalawfirm.com to file this form for you at our firm hourly rate.

That's why I created this STEP BY STEP GUIDE that will show you how to file.

DOWNLOAD MY BOI REPORT

HOW TO FILE STEP BY STEP GUIDE NOW!