How to File Your Beneficial Ownership Information Report (BOIR)

Filing your Beneficial Ownership Information Report (BOIR) is essential for complying with the Corporate Transparency Act (CTA), which promotes transparency in business ownership. Follow this step-by-step guide to ensure a smooth filing process and avoid penalties.

Step 1: Verify If You Need to File

Before you begin, check if your business is required to submit a BOIR. The report must be filed by corporations, limited liability companies (LLCs), and similar entities that were:

• Registered before January 1, 2024: File by January 13th, 2025.
• Registered on or after January 1, 2024: File within 30 days of registration.
• Certain entities are exempt from filing, such as publicly traded companies or large operating businesses with over 20 employees.

Step 2: Gather the Necessary Information

You will need to collect detailed information about the beneficial owners of your business. A beneficial owner is someone who:

• Directly or indirectly owns 25% or more of the company, or
• Exercises significant control over the company.

The information required includes:

• Full legal name
• Date of birth
• Residential address
• A unique identifying number (e.g., passport, driver’s license)

Step 3: Access the Filing Portal

You can file your BOIR electronically through the dedicated online portal on our website.

Step 4: Complete the Online Form

Fill out the online BOIR form with the required details of your beneficial owners. Double-check that all information is correct to avoid penalties or legal complications.

Step 5: Submit Your Report

Once the form is completed, review all entered information and submit the report.