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Urgent: File before your federal deadline so you can avoid a penalty of $591/day.

File your Beneficial Ownership Information Report (BOIR)

File your Beneficial Ownership Info Report (BOIR)

We can help with your federal report to the Financial Crimes Enforcement Network (FinCEN), in accordance with the Corporate Transparency Act. Plus, get personalized guidance for your business from our experienced specialists. Starts at $149.

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Beneficial Ownership Information Report (BOIR)

File with an official FinCEN BOIR partner—we'll help ensure your submission is completed correctly, with confirmation.

$149
Billed once

Start my BOIR

Included:

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Filing of your Financial Crimes Enforcement Network (FinCEN) report, with submission confirmation
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Personalized BOIR guidance from our compliance specialists

BOIR plus Compliance Filings

Get BOIR plus ongoing compliance with annual reports, filings, alerts, and support from our specialists.

$575

$199

/yr*

Auto-renews. Cancel anytime.

Get compliant now

Everything in BOIR, plus:
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Annual reports to satisfy ongoing state filing requirements
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Customized compliance alerts about your requirements
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Amendment filings with the Secretary of State for any business changes

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Ongoing Beneficial Ownership Information Report update filings

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Personalized compliance support from our experienced specialists

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BOIR, Compliance Filings plus Licenses & Permits

Get BOIR & Filings, plus help with required licenses to operate legally at the federal, state, county, and city levels.

$675

$299

/yr*

Auto-renews. Cancel anytime.

Get compliant now

Everything in BOIR & Filings, plus:
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Custom summary of required federal, state, and local licenses and permits
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Direct access to all of your required applications, expediting the process

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Upload, view, and share business licenses from your account

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Notifications on upcoming expiration dates and updates to your license report

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Personalized compliance and licensing support from our experienced specialists

100% Accurate Filing Guarantee

We're committed to the highest quality and accuracy. If your filing is rejected or incorrect due to our error, we'll correct it with the government agency at no additional cost to you.

Why use LegalZoom to file a Beneficial Ownership Information Report?

With fast and accurate filings, guidance from our experienced compliance specialists, and ongoing compliance services, we’ve helped 2+ million businesses stay compliant and in good standing with the government.

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File with confidence

Get peace of mind with our Accurate Filing Guarantee and our compliance specialists, who help businesses stay in good standing with the government and are available to answer questions.

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Avoid mistakes & penalties

Get compliance coverage for mandatory reports and licenses—we can help with all your filings and alerts so you steer clear of fines, penalties, and even potential closure of your business.
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Get it done quickly

Satisfy the new federal BOIR for the Financial Crimes Enforcement Network (FinCEN) in less time with our help—only 12 minutes from start to finish, and check the filing off your to-do list.

What is beneficial ownership reporting?

This report provides identifying information about beneficial owners, or the individuals who directly or indirectly own or control your company, to the Financial Crimes Enforcement Network (FinCEN) under the Corporate Transparency Act.




The Beneficial Ownership Information Reporting Rule went into effect Jan. 1, 2024. On December 3, 2024, a federal court made a preliminary decision that the requirement and its penalties are not enforceable for the time being. The federal government has appealed this decision. FinCEN is still accepting filings, and businesses may still submit their BOIR, which we can help file.

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How to complete the Beneficial Ownership Report in 3 easy steps

Reporting companies may report information about those who own or control the business. We can help you easily and accurately complete and submit your report.

one
Tell us about your beneficial owners

Answer a few simple questions about the individuals who own or control your business so your report is personalized and accurate.

two
We create and file the report for you

We’ll prepare a personalized beneficial ownership information report, and we’ll file it for you.

three
Receive confirmation of your filed report

Once we file your personalized report with the Financial Crimes Enforcement Network (FinCEN), we’ll provide confirmation.

Why get help with the Beneficial Ownership Information Report?

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Access custom support

Our experienced compliance specialists can answer any questions you have about your report, especially in light of the federal ruling and appeal.

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Focus on what matters

Concentrate on your business instead of navigating the complexities of a new report under the Corporate Transparency Act.
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Enjoy peace of mind

Feel confident about your business, knowing your report is filed and checked off your to-do list, especially given FinCEN’s appeal to the ruling.

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What's the Corporate Transparency Act?

Effective Jan. 1, 2024, this is federal legislation created to curb illicit finances and boost transparency around company ownership structures. This helps the government crack down on financial crimes and fraud, such as money laundering, corruption, human trafficking, drug trafficking, tax fraud, and fraud against employees, customers, and other businesses.


Under this Act, the Beneficial Ownership Information Report shares information on each beneficial owner with the U.S. Treasury's Financial Crimes Enforcement Network (FinCEN). This means reporting companies identify and document any person who holds a 25% or greater ownership interest or exercises substantial control over the company.


Reporting info on beneficial owners supports the ongoing focus and efforts of the U.S. government to deter corporations who would hide or benefit from actions that harm others. FinCEN has developed a database that holds information about each beneficial owner documented by a reporting company.

Who is a beneficial owner?

Beneficial owners are individuals who directly or indirectly: (1) own or control at least 25% of your company’s ownership interests, or (2) exercise substantial control over your business. Common examples of beneficial owners of a reporting company can include the following:

  • An important decision-maker for the reporting company
  • A senior officer (president, chief executive officer, chief financial officer, general counsel, chief operating officer, or any other officer with a similar function)
  • An individual with the authority to appoint or remove certain officers or a majority of directors (or similar body) of the reporting company

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What's in the Beneficial Ownership Information Report (BOIR)?

The report includes several pieces of information about the reporting company, such as its full legal name, any trade or DBA names, its address, federal tax ID number (or EIN), and the jurisdiction where it was either created or registered.


The report also includes the owners’ full legal names, birth dates, current addresses, images of acceptable identification documents (such as a passport or driver's licenses), along with the issuing jurisdiction and the document's ID number.


Reporting companies that were created on or after Jan. 1, 2024 also submit information about the individuals who formed the company. This means any person who filed your entity formation documents (known as the applicant), even if they aren't one of the beneficial owners, provides all the same information as a beneficial owner.

Using our service simplifies the process for reporting and filing the information with the Financial Crimes Enforcement Network, saving you time and stress related to accurate filing of your report.

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How are LLCs impacted by the new federal mandate?
Owners of a limited liability company (LLC) may file the new report with the federal agency and provide basic contact information about the company and its owners (known as members). This applies to single-member and multi-member LLCs.

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Frequently asked questions

What is beneficial ownership information reporting?

The report provides identifying information about the individuals who own or control a business to the federal government. The Beneficial Ownership Information Reporting Rule went into effect Jan. 1, 2024. On December 3, 2024, a federal court made a preliminary decision that the requirement and its penalties are not enforceable for the time being. The federal government has appealed this decision. FinCEN is still accepting filings, and businesses may still submit their BOIR, which we can help file.

How do I get a BOIR?

With LegalZoom, we can help you file a personalized and accurate report. We’ll request the information needed to file, and we’ll create a report that includes the identifying information about the individuals who own or control your business, or beneficial owners.


Then, we’ll file the report for you with the Financial Crimes Enforcement Network (FinCEN). You'll receive confirmation that your report was submitted, so you can rest easy knowing you've checked this off your list.

How do I determine if I'm a beneficial owner?

A beneficial owner is an individual who directly or indirectly: (1) owns or controls at least 25% of your company’s ownership interests, or (2) exercises substantial control over your business. If you're not sure, you can always talk to an attorney from our legal network.

What is an example of a beneficial owner with substantial control?

Examples of beneficial ownership and beneficial owners with substantial control include:


- An important decision-maker for the reporting company

- A senior officer (president, chief executive officer, chief financial officer, general counsel, chief operating officer, or any other officer with a similar function)

- An individual with the authority to appoint or remove officers or directors (or similar body) of the company


Additionally, if you officially formed your business on or after Jan. 1, 2024, you may submit information about the individuals who formed the business (known as "company applicants"), even if they don't qualify as a beneficial owner.

Who may file a BOIR?

Corporations and limited liability companies (LLC) who qualify as reporting companies may file a BOIR. This means reporting identifying information about the individuals who own or control a business with the U.S. government. This applies to most business entities, known as reporting companies, unless an exception applies.

What is the Beneficial Ownership Information Reporting Rule?

This regulation, under the Corporate Transparency Act, requests the identification of individuals who benefit from a legal entity.


The goal of this regulation is to provide transparency around business ownership structures. It helps the federal government crack down on financial crimes and fraud, such as money laundering, corruption, human trafficking, drug trafficking, tax fraud, and fraud against employees, customers, and other businesses.


The Corporate Transparency Act is legislation that changes the reporting for beneficial ownership information of business owners operating in the United States. It requests businesses identify and document any person who holds a 25% or greater ownership interest or exercises substantial control over the company.


Under the new regulation, reporting companies file information on each beneficial owner with the U.S. Treasury's Financial Crimes Enforcement Network (FinCEN). FinCEN has developed a database that holds information about each beneficial owner documented by a reporting company.

What information is included for beneficial ownership?

FinCEN requests businesses provide their legal name, date of birth, address, and an image of an acceptable identification document, such as a passport or driver's license, along with the issuing jurisdiction and the document's ID number.

What types of companies do not qualify as reporting companies?


FinCEN lists 23 types of exempt business entities that do not qualify as reporting companies.


- Securities reporting issuer

- Governmental authority

- Bank

- Credit union

- Depository institution holding company

- Money services business

- Broker or dealer in securities

- Securities exchange or clearing agency

- Other Exchange Act registered entity

- Investment company or investment adviser

- Venture capital fund adviser

- Insurance company

- State-licensed insurance producer

- Commodity Exchange Act registered entity

- Accounting firm

- Public utility

- Financial market utility

- Pooled investment vehicle

- Tax-exempt entities

- Entity assisting a tax-exempt entity

- Large operating company

- Subsidiary of certain exempt entities

- Inactive entity

What companies qualify as tax-exempt and are not considered reporting companies under the BOIR?

Companies qualify as tax-exempt entities if they meet any of the following criteria:


- The IRS considers them exempt entities under section 501(c) of the Internal Revenue Code (this will include many entities with nonprofit organization status).

- They lost tax-exempt status under the code less than 180 days prior.

- They are political organizations as defined under section 527(a) of the code.

- They are trusts as defined under section 4947(a) of the code.

What companies qualify as a large operating company and may be exempt from filing a BOIR?

The agency defines a large operating company as meeting all of the following criteria:


- It is otherwise subject to a federal regulatory regime.

- It has over 20 people with full-time employment status in the U.S.

- It has more than $5 million in gross receipts or sales on a prior year's tax return filed with the IRS, excluding foreign receipts.

- It has a physical operating presence in the U.S.

- It is owned by an entity already exempt under the Corporate Transparency Act.

- It is otherwise designated as exempt by the Secretary of the Treasury and the U.S. Attorney General.

What types of companies qualify as inactive entities and are not considered reporting companies?

A reporting company must be an active business, and inactive entities are not encouraged to report. FinCEN defines an inactive entity as meeting all of the following criteria:


- It was created before Jan. 1, 2020.

- It is not engaged in active business.

- It is not owned by a foreign person, resident, domestic partnership, corporation, or other estate or trust.

- It has not sent or received over $1,000 while transacting business in the last year.

- It has no assets, including ownership of other companies, in the U.S. or elsewhere.

What types of individuals are not considered beneficial owners according to the Corporate Transparency Act?

The Act exempts certain people from the beneficial owner definition, including:


- Minors

- Individuals acting as nominees, intermediaries, custodians, or agents on behalf of someone else

- Employees who are not senior officers and whose only interest or control is derived solely from their employment status

- Individuals whose only interest in a reporting company is derived solely from the right of inheritance

- Contingent trust beneficiaries

- Creditors whose only interest is to recover business debts

What are the changes for LLCs in 2024?

Members, or owners, of a limited liability company (LLC) are likely designated beneficial owners under the beneficial owner definition. This qualifies these LLCs as reporting companies that may file the new report with the federal agency and provide basic contact information about the company and its owners.


This applies to single-member and multi-member LLCs, all of which are considered reporting companies, and therefore also may identify beneficial ownership information in the BOIR.

What if there are changes to my business after filing a BOIR?

Updated beneficial ownership information reports may be submitted for any changes to the owners or controlling members of a business, or their identifying information. For example, an updated BOIR may be submitted when a controlling member is a minor and reaches an age of majority. Another example is if a company becomes tax exempt. Additionally, an updated BOIR may also be submitted if initially reported information is incorrect or if entities make certain amendments.

Why should a business use a service to submit the Beneficial Ownership Information Report?

The Corporate Transparency Act is one of the most complex legislations to impact small businesses owners. Its latest regulation—the Beneficial Ownership Information Reporting Rule—is effective Jan. 1, 2024 and encourages most limited liability companies and corporations to file the beneficial owner report.


Navigating the new law can be confusing and distracting for small business owners who are otherwise focused on running and growing their business. This is especially true in light of the recent ruling. On December 3, 2024, a federal court made a preliminary decision that the requirement and its penalties are not enforceable for the time being. The federal government has appealed this decision. FinCEN is still accepting filings, and businesses may still submit their BOIR, which we can help file.


A service like the one provided by LegalZoom makes it easier for customers to navigate the legal developments and check this task off their to-do list, so they can get back to focusing on their business.


With LegalZoom, you can accomplish this with three easy steps, saving time and money. Just start by answering a few simple questions about the individuals who own or control your business so the report is personalized and accurate.


Based on your info, we'll create a custom report, and file it directly with FinCEN for you. Once we file the personalized report with FinCEN, we’ll provide you with confirmation that it's been submitted.

What is LegalZoom's Compliance Filings package?

Keeping your business compliant is critical to maintaining your good standing status and avoiding penalties, fines, and imprisonment. With Compliance Filings, you’ll satisfy ongoing compliance filing requirements:


- Annual reports: Guided setup and completion of official filings that keep your business information—including its name, address, managers, and other details—updated with the state where required. Filing requirements vary by state.

- Personalized alerts: Alerts notifying you of your specific filing requirements and due dates, simplifying business compliance.

- Amendments: File up to two official changes about your business each year with the Secretary of State, such as a new name, address, or ownership.

- Beneficial Ownership Information Reports: Initial and additional filings for any changes to identifying information.

- Plus, access to personalized compliance support from our experienced specialists.

What is LegalZoom's Compliance Filings plus Licenses & Permits package?

Keeping your business compliant is critical to maintaining your good standing status and avoiding penalties, fines, and imprisonment. With Compliance Filings plus Licenses & Permits, you’ll satisfy all the ongoing compliance filing requirements offered in our Compliance Filings package. Plus, we’ll help you secure your required business licenses and permits:


- Custom report of required federal, state, and local licenses and permits

- Direct access to all of your required applications, simplifying and expediting the process for you

- Upload, view, and download business licenses from your LegalZoom account

- Notifications on upcoming expiration dates and new license requirements

- Personalized compliance & licensing support from our experienced specialists

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