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I filed the Beneficial Ownership Information Report (BOIR), It was easy

Writer's picture: Luke MiddendorfLuke Middendorf


I filed the Beneficial Ownership Information Report (BOIR) for my business today and it was pretty easy. It took me around 10 minutes to complete.


There seems to be conflicting information about whether or not we need to file the BOIR, but based on the latest information, I'm glad to get it checked off my list.


From the FinCEN website: "In light of a December 23, 2024, federal Court of Appeals decision, reporting companies, except as indicated below, are once again required to file beneficial ownership information with FinCEN."


Here's where you file: https://boiefiling.fincen.gov/.





Filing Deadlines


Recent legal developments have impacted filing deadlines:


  • Entities created or registered before January 1, 2024: The deadline has been extended to January 13, 2025.

  • Entities created or registered on or after January 1, 2025: Must file within 30 days of receiving actual or public notice that their creation or registration is effective.


Information that you will need to provide:


  1. Reporting Company legal name

  2. Tax Identification type (most likely the business' EIN)

  3. Tax Identification number

  4. Address where the business is registered

  5. Identifying document for owners (driver's license or passport)


How to File

FinCEN provides an online BOI E-Filing System for submitting reports:


  1. Access the BOI E-Filing System: Visit https://boiefiling.fincen.gov/.

  2. Prepare Required Information: Gather details about the reporting company and its beneficial owners, including:

    • Full legal name.

    • Date of birth.

    • Residential or business address.

    • Unique identifying number from an acceptable identification document (e.g., passport or driver's license).

  3. Complete the Report: Follow the system's instructions to enter the necessary information.

  4. Submit the Report: Review the information for accuracy and submit the report electronically.


FinCEN does not charge a fee for filing BOI reports. Detailed instructions and FAQs are available on FinCEN's website.






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