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:
- 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.
- You can submit your beneficial ownership report directly to the Financial Crimes Enforcement Network (FinCEN) via their government portal. This method has no charge.
- Use a Third-Party Service:
- Services like SnapFile can handle the filing for you, often for under $150.
- Services like SnapFile can handle the filing for you, often for under $150.
- 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).