FinCEN BOI Report Instructions

A. Initial report

This is the filing type a reporting company should select if they are filing their first BOIR.

B. Correct prior report

A reporting company can choose this filing type if they need to update incorrect information on a previously filed BOIR.

C. Update prior report

A reporting company can choose this type of filing if the (correct) information reported on the previous BOIR has changed. For example, if a new beneficial owner is added, an updated BOI Report should be filed.

D. Newly exempt entity

In this filing category, the reporting company was initially obligated to furnish specific details in BOI reports but has since become exempt from those reporting requirements. In such instances, the company is required to submit the report under the designation "newly exempt entity BOIR" (Beneficial Ownership Information Report).

• Name and Date of birth - Provide the Full legal name and Date of Birth of the company’s applicant

• Address Type - Specify whether the address is for business or home by choosing "Business address" or "Residential address" for the company applicant. If the company applicant, like a legal assistant, is setting up or registering an entity as part of their work, provide the street address of that business. Otherwise, for individuals in different situations, report their residential street address.

• Address - Provide the company applicant’s U.S. address information, including the city, country or jurisdiction, State, and ZIP code or foreign postal code.

• Form identification and issuing jurisdiction - Provide the unique identifying number and issuing jurisdiction from one of the following non-expired documents:

• A U.S. passport
• An identification document issued by a State, local government, or Indian Tribe issued to identify the individual
• State-issued driver’s license
• A foreign passport is required if the above-mentioned identification documents (1 to 3) are unavailable.

• Identifying document image - Attach an image of an acceptable identification document for the company applicant. The following are the guidelines for the identifying document image:

• The image of the identifying document must be clear and readable, containing the unique identifying number and other identifying data.
• The supported formats of the document image are JPG/JPEG, PNG, and PDF.
• Maximum file size: 4MB

Note: A foreign passport is only acceptable if the individual does not have one of the other identifying documents, which includes a State-issued driver’s license, State/local/Tribe-issued ID, or U.S. passport.

• After providing the required information about the reporting company's #1 company applicant, you can add information about the #2 company applicant because reporting companies can report up to 2 company applicants.

• Parent/Guardian information instead of a minor child - If the beneficial owner for the reporting company is a minor child, then you must provide information about the minor child's parent or legal guardian.

• Beneficial owner FinCEN ID - A Reporting Company can provide a FinCEN Identifier for a beneficial owner. If a FinCEN ID is not provided, all necessary information regarding the beneficial owner must be provided.

• Exempt Entity - If the beneficial owner holds ownership interest in the reporting company through one or more exempt entities, then the name of that exempt entity or entities is reported instead of the beneficial owner’s information. In this case, provide the legal name of the exempt entity.

• Individual’s last name or entity’s legal name - Enter the exempt entity's or beneficial owner's legal last name. Do not abbreviate names unless an abbreviation is part of the legal name.

• Name and Date of Birth - Provide the beneficial owner's Legal name, Date of birth, and Residential address.

• Form identification and issuing jurisdiction - Provide the unique identifying number and issuing jurisdiction from one of the following non-expired documents:

• A U.S. passport
• An identification document issued by a State, local government, or Indian Tribe issued to identify the individual
• State-issued driver’s license
• A foreign passport is required if the above-mentioned identification documents (1 to 3) are unavailable.

• Identifying document image: - Attach an image of an acceptable identification document for the company applicant. The following are the guidelines for the identifying document image:

• The image of the identifying document must be clear and readable, containing the unique identifying number and other identifying data.
• The supported formats of the document image are JPG/JPEG, PNG, and PDF.
• Maximum file size: 4MB

Note: A foreign passport is only acceptable if the individual does not have one of the other identifying documents, which includes a State-issued driver’s license, State/local/Tribe-issued ID, or U.S. passport.

• After providing the required information about the reporting company's #1 company applicant, you can add information about the #2 company applicant because reporting companies can report up to 2 company applicants.