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SnapBOI
Beneficial Ownership Information (BOI) FAQs
Understanding BOI Reporting Exemptions

Articles in this section

If my legal entity only passively holds property - and is otherwise inactive - do I need to file BOI?
Is my business too small to be required to file a BOI report?
Does a reporting company qualify for the large operating company exemption if it is run from a personal residence?
Does a company qualify for the large operating company exemption if it has not yet filed its Federal income tax or information return for the previous year?
Compliance Quiz - How do we determine if we are exempt from filing a BOI report?
Are some companies exempt from filing a BOI report? Who is exempt from filing a BOI report?
What are the rules for Control Groups or Affiliated Service Groups? Can I combine companies to determine the 20 full-time employee exemption?
What is the definition of Full-Time Employee? How do we know if we are exempt using the 20 full-time employee test? Large Company Exemption test for full-time employee counts.
What are the exemptions under the Corporate Transparency Act?
If my company qualifies for an exemption after an initial BOI filing, what should I do?

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Is my business too small to be required to file a BOI report?

October 29, 2024 22:30 Updated

There are no minimum revenue requirements for having to report BOI.

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