How To File Your Beneficial Ownership Information Report (BOIR)

Virtually all businesses, big and small, must file the new Beneficial Ownership Information Report (BOIR) with the Financial Crimes Enforcement Network (FinCEN), per a requirement new in 2024. It's a little complicated, but our attorneys have parsed the law and can help.
In this video, our owner Michelle Green runs through the report step by step, giving you guidance about what information goes where and answering some frequently asked questions about the report.
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0:01 What's the BOIR?
3:35 Creating a FinCEN ID
8:33 Filing your BOIR
9:13 BOIR - 1. Filing Information
9:41 BOIR - 2. Reporting Company
13:37 BOIR - 3. Company Applicant(s)
18:54 BOIR - 4. Beneficial Owner(s)
25:30 BOIR - 5. Submit
27:34 FAQs

[@amrelsayed3403]

That is an amazing explanation, Thank you
My question is if an LLC that provides management services, employs more than 20, has a revenue over $5M on its most recent tax return, and has an operating presence in the United States, can it be considered exempt from the report since it is a large operating company?

[@gglawllc]

Great question. We can't provide legal advice on a particular situation absent an attorney-client relationship, but there are VERY few exceptions to the requirement to file the BOIR. We would recommend consulting your attorney to check if your business falls into one of them.