Beneficial Owner Information (BOI)
- Does the name on an individual’s acceptable identification document need to match the individual’s current full legal name
- Do reporting companies need to report the addresses of individuals in an Address Confidentiality Program (ACP)?
- If one spouse owns part of a reporting company, would the other spouse be a beneficial owner in a community property state?
- What if a reporting company does not have any individuals who own or control at least 25 percent? What if all owners are less than 25%?
- What happens when a company is owned by a trust? Who are the Beneficial Owners when individuals own or control the company through a trust?
- Are entities formed under Tribal law required to report beneficial ownership information?
- Who should an entity fully or partially owned by an Indian Tribe report as its beneficial owner(s)?
- Do I Need to File a BOI Report? Are we required to file a BOI report?
- Are we required to enter or upload information multiple times for an individual who may be a Beneficial Owner for many reporting companies?
- Is there a limit to the number of Beneficial Owners required to be reported?
- Who is a Beneficial Owner of a reporting company?
- What constitutes a Beneficial Owner of a reporting company?
- How do you determine if an individual is a Beneficial Owner?
- What constitutes ownership interest for FinCEN BOI reporting?
- What details must a Reporting Company include for each Beneficial Owner? What information must an individual submit?
- What is meant by substantial control?
- What residential address should be provided if a Beneficial Owner lacks a permanent residence?
- Is a Service Provider Managing Day-to-Day Operations a Beneficial Owner?
- How does a reporting company report a corporate trustee as a Beneficial Owner?
- Who are a reporting company's Beneficial Owners when individuals own or control a company through a trust?
- Do Statutory Trusts, Business Trusts, or Foundations need to file FinCEN reports?
- Can a Beneficial Owner also be a company applicant?
- Is it necessary for my company to submit a beneficial ownership information (BOI) report as defined in the Corporate Transparency Act?
- Can a company registered in a U.S. territory be considered a reporting company?
- Is the "Tax Matters Partner" of a reporting company a Beneficial Owner?
- Is every member of the Board of Directors considered a Beneficial Owner?
- What if exempt entities are Beneficial Owners of a reporting company?
- Are Accountants or Lawyers considered Beneficial Owners under Corporate Transparency Act rules?
- Who qualifies for Exemption from the Beneficial Owner Definition? Are there exceptions to the definition of beneficial owner?
- Who should a Reporting Company identify as a Beneficial Owner when a corporate entity owns 25% or more?