August 2024 – BOI Reporting Pros

Is Filing a Beneficial Ownership Report an Annual Requirement?

The short answer: No. What is a BOIR? A BOIR is also known as a Beneficial Ownership Information Report. While a beneficial ownership report (BOIR) is typically filed once upon an entity’s formation or registration, there are specific circumstances that require updates. Here are some common scenarios: Change in Beneficial Ownership: If there’s a significant […]

BOI Reporting

FinCEN Clarifies BOI Reporting with Outreach Events

BOIR Webmaster / August 18, 2024

Confused about the new Beneficial Ownership Information (BOI) requirements? You’re not alone. The BOI rules, enacted under the Corporate Transparency Act, require certain companies to report their ownership details to FinCEN. This transparency is crucial in the fight against financial crime. The BOI reporting requirements, enacted under the Corporate Transparency Act, require certain companies to