The Corporate Transparency Act (CTA), aimed at combating illicit financial activity, went into effect on January 1, 2024. Under the act, small businesses across the United States need to file the beneficial ownership information report (takes < 5 minutes).
When to report (based on filling date found within Articles of Organization folder):
Companies created or registered before January 1, 2024 must file their initial report by January 1, 2025
Companies created or registered on or after January 1, 2024 must file their initial report within 90 days of receiving notice of their creation or registration
Filling Instructions
Click "File BOIR"
Hit "File Online BOIR"
Filing Form
1. Type of filling: a. Initial Report
2. Date prepared: auto-filled
3. Request to receive FinCEN ID: Check
4. Foreign polled investment vehicle: Skip
5. Reporting Company legal name: Copy / Paste legal name from Articles of
6. Alternative name: Skip
7. Tax Identification type: EIN
8. Tax Identification number: Employer Identification Number (EIN) is located in the top right of your EIN document (e.g., xx-xxxxxxx) -- when copy/pasting it into the system, remove the hyphen
9. Country/Juridiction: Skip
10.
a. Country/Jurisdiction of formation: United States of America
b. State of formation: Select state
11-15. Current Address: This should be your most updated business address within your residency state
Company Applicant(s)
16. Existing reporting company: Check this box if the reporting company was created or registered before January 1, 2024 (you don't need to complete this section). Do not check the box if the reporting company was created or registered on or after January 1, 2024 (you need to complete this section). You can check when your company was created by opening your Articles of Formation and seeing when your document was filled.
17. Skip
18. FinCEN ID: Skip
19-23: Basic Info about yourself
24-29: Enter Residential Address
30-33: Upload any forms of Identification
Beneficial Owner(s)
35. Parent/Guardian information instead of minor child: Skip
36. FinCEN ID: Skip
37. Except Entity: Skip
38.-42.: Basic Info about yourself
43.-47.: Enter Residential Address (use new residency state address)
48.-51.: Upload any forms of Identification (it's okay if your documentation is a different address)
Submit
Submit final application
Download the Transcript
Upload file into your Certificate of Formation folder