BOIR Reporting and Filing

Beneficial Ownership Information Report (BOIR)

As a company owner or motor carrier, you are now required to report information to FinCEN about the individuals who own or control them. If you do not report the proper information you may face fines.

QUESTIONS?
FILE YOUR BOIR NOW!

Who does it apply to?

FinCEN uses 3 main requirements to determine who must report:

  • A corporation, a limited liability company (LLC), or a group created in the US by filing a document with a secretary of state or any similar office under the law of a state or Indian tribe with less than $5,000,000 in gross receipts or sales and less than 20 employees.
  • A foreign company and was registered to do business in any U.S. state or Indian tribe by such a filing.
  • Beneficial owners in the company who generally exercise “substantial control” over a reporting company or own 25% of the ownership interests.

Note: This DOES NOT apply to Sole Proprietorships. 

QUESTIONS?
FILE YOUR BOIR NOW!
Beneficial Ownership Information Report (BOIR) | DOT Licensing | CNS

Are you exempt from filing a BOIR?*

Exemption No.
Exemption Short Title
1
Securities reporting issuer
2
Governmental authority
3
Bank
4
Credit union
5
Depository institution holding company
6
Money services business
7
Broker or dealer in securities
8
Securities exchange or clearing agency
9
Other Exchange Act registered entity
10
Investment company or investment adviser
11
Venture capital fund adviser
12
Insurance company
13
State-licensed insurance producer
14
Commodity Exchange Act registered entity
15
Accounting firm
16
Public utility
17
Financial market utility
18
Pooled investment vehicle
19
Tax-exempt entity
20
Entity assisting a tax-exempt entity
21
Large operating company
22
Subsidiary
QUESTIONS?
FILE YOUR BOIR NOW!

Are you a reporting company?

QUESTIONS?
FILE YOUR BOIR NOW!

DOT Compliance and Licensing Services

If you are ready to get started or would just like more information on how you can start being more proactive with your compliance, please fill out the form below. We are here to help and answer any questions.

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