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YOU DO NOT NEED TO FILE THIS ENTITY WITH FINCEN
The Reporting Rule exempts twenty-three (23) specific types of entities from the reporting requirements listed below. An entity that qualifies for any of these exemptions is not required to submit BOI reports to FinCEN.
Financial, Securities and Investments
- Bank
- Domestic credit union
- Depository institution holding company
- Money transmitting business
- Securities issuer
- Securities broker-dealer
- Securities exchange or clearing services
- Other Securities Exchange Act of 1934 entity
- Registered investment company or advisor
- Venture capital fund advisor
- Commodity Exchange Act registered entity
- Financial market utility
- Pooled investment vehicle
Insurance
- Insurance company
- State licensed insurance producer
Other
- Domestic governmental authority
- Accounting firm
- Public utility
- Tax exempt entity
- Entity assisting tax exempt entity
- Subsidiaries of certain exempt entities
Special rule for foreign pooled investment vehicles.
If an entity meets the criteria of a Pooled Investment Vehicle and is formed under the laws of a foreign country, the entity is subject to a separate reporting requirement.
You must report one individual who exercises substantial control over the company. You do not need to report any company applicants. If more than one individual exercise substantial control over the company, you must report information about the individual who has the greatest authority over the strategic management of the company.
See special rule at 1010.380(b)(2)(iii).
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The information contained on this page is intended to help small entities comply with the beneficial ownership information reporting rule promulgated by the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). * This page is explanatory only and does not supplement or modify any obligations imposed by statute or regulation. Additionally, this page does not supersede more recent guidance documents issued by FinCEN. For additional information, consult The Reporting Rule, which implements Section 6403 of the Corporate Transparency Act. The rule describes who must file a BOI report, what information they must provide, and when they must file the reports. The Reporting Rule is found at 1010.380 in title 31 of the Code of Federal Regulations (CFR).
The information contained on this page is intended to help small entities comply with the beneficial ownership information reporting rule promulgated by the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). * This page is explanatory only and does not supplement or modify any obligations imposed by statute or regulation. Additionally, this page does not supersede more recent guidance documents issued by FinCEN. For additional information, consult The Reporting Rule, which implements Section 6403 of the Corporate Transparency Act. The rule describes who must file a BOI report, what information they must provide, and when they must file the reports. The Reporting Rule is found at 1010.380 in title 31 of the Code of Federal Regulations (CFR).