How to File Your Beneficial Ownership Information (BOI) Report

Reporting Deadlines & Requirements

Author

SnapFile Staff

Filing your report under the Corporate Transparency Act (CTA) is essential for staying compliant with federal law. Here's how you can do it:

Filing Options:

  1. File Through FinCEN’s Online Portal:
    • You can submit your beneficial ownership report directly to the Financial Crimes Enforcement Network (FinCEN) via their government portal. This method has no charge.
  2. Use a Third-Party Service:
    • Services like SnapFile can handle the filing for you, often for under $150.
  3. Hire a Lawyer:
    • A legal professional can file on your behalf, though this option will typically come with higher fees. We are happy to refer you to a great lawyer if you prefer, click here for a reference.

Documents You Will Need

All entities filing will need identity documents for all beneficial owners (see [Identification blog entry] for details) and formation documents from when you first filed your business (see [company info blog post link]). Your business formation documents have a few pieces of information needed in your BOI report:

  • Company identification number (EIN, TIN, SSN, foreign TIN)
  • Company formation location (location where your original paperwork was filed)
  • Date your company filed its original paperwork with the Secretary of State

For companies formed January 1, 2024 or after, you will also need Company Applicant details (see [link to blog post] for more details).

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