Beneficial Ownership Information (BOI)
As of February 19th, 2025, companies are now required to report BOI information by March 21st, 2025.
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A Letter to Our Clients
Click the button below to view the letter regarding BOI for our clients.
New Federal Reporting Requirement for Beneficial Ownership Information (BOI)
Who Has to Report?
“Companies required to report are called reporting companies. Reporting companies may have to obtain information from their beneficial owners and report that information to FinCEN.”
Who Does Not Have to Report?
“Twenty-three types of entities are exempt from beneficial ownership information reporting requirements, including publicly traded companies, nonprofits, and certain large operating companies.”
When Do I Report?
“If your company was created or registered prior to January 1, 2024, you will have until January 1, 2025 to report BOI.”
How Do I 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.”
Source: BOI Brochure