Blog & Information Resources

To qualify as a "large operating company" and be exempt from the Beneficial Ownership Information (BOI) reporting requirements, an entity must meet all of the following three criteria:

Based on your responses, your business may NOT have to file a BOI Report as of January 1, 2024.

This conclusion is based on your responses compared to FinCEN's definition of a Regulated Entity.

Should your responses be inaccurate or otherwise not meet the statutory definition, or should your status as a “large” or “regulated” company change, you may have a BOI filing obligation. If you want to speak with an expert, review with your legal team, or use FinCEN Shield Premier Compliance Plan which includes access to our government legal and financial advisory team!

Based on the answers you selected and the definition of a Reporting Company under FinCEN, you are required to file a BOI Report to comply with the CTA (Corporate Transparency Act).

Disclaimer: FinCEN Advisor's is not a law firm and does not provide legal advice. All information shared by the user is self-reported and compared to FinCEN’s definition of a Reporting Company.

Did your entity file a federal income tax or information return in the United States for the previous year showing more than $5,000,000 in gross receipts or sales?