Overview of the Corporate Transparency Act
BOI Report Requirements
Reporting Company
- Do non-profit organizations need to file BOI reports?
- Do family-owned businesses need to file BOI reports?
- Do sole proprietorships need to file a BOI report?
- Do subsidiaries need to file separate BOI reports?
- What if my company is owned by another entity?
- What if my company merges with another company?
Beneficial Owners
- Can an employee be considered a beneficial owner?
- Can multiple individuals be listed as having substantial control?
- What if a beneficial owner passes away?
- What if a beneficial owner refuses to provide their information?
- What is a beneficial owner?
- Can a single individual be both a beneficial owner and a company applicant?
Deadlines and Timelines
Exemptions from the Act
Other FAQs
- How often do I need to update my BOI report?
- Do I need to update my BOI report annually?
- Do I need a lawyer to file my BOI report?
- Can I submit a BOI report for a parent company?
- Do I need to report changes to my business address?
- Will I face penalties for unintentional errors in my BOI report?