BOI Reporting Archives | Sales Tax & Resellers Permit Number Business Registration

FinCEN BOI Reporting in 2026: Who Must Still File

OTIN Editorial Team — Thu, 13 Aug 2026 04:52:37 +0000

In 2026, most businesses formed in the United States do not have to file beneficial ownership information (BOI) reports. All U.S.-created entities—including companies formerly classified as “domestic reporting companies”—are exempt from initial, updated, and corrected BOI reports. The entities that may still…

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BOI Reporting Penalties: What Happens If You Don’t File on Time

OTIN Editorial Team — Sun, 24 May 2026 00:02:30 +0000

Who This Guide Is For: Business owners, founders, and compliance managers who need a practical overview of BOI reporting penalties under the Corporate Transparency Act—especially what happens if you file late, file incorrectly, or don’t file at all. Key Takeaways Late or missing BOI reports can trigger serious civil penalties and potential criminal exposure when

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Who Counts as a Beneficial Owner for FinCEN BOI Reporting

OTIN Editorial Team — Sat, 23 May 2026 03:05:12 +0000

Key Takeaways A “beneficial owner” is generally anyone who owns or controls at least 25% of a company or exercises substantial control over it. Most reporting companies must identify at least one beneficial owner; many will have multiple based on ownership and control roles. Minor children, nominees, and certain employees can be excluded, but their

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BOI Reporting Deadline 2026: What Small Business Owners Need to File

OTIN Editorial Team — Sat, 23 May 2026 02:02:47 +0000

Key Takeaways BOI reporting is a federal requirement for many small businesses, and 2026 filings depend on when your company was formed or registered. Reports are submitted to FinCEN and require company and beneficial owner details, including a photo ID number and issuing jurisdiction. Most changes (like a new owner or new address) must be

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BOI Reporting Basics: What New Businesses Need to Know

OTIN Editorial Team — Fri, 27 Mar 2026 02:02:31 +0000

BOI Reporting Basics: What New Businesses Need to Know What BOI Reporting Is (and Why It Matters for New Businesses) Beneficial Ownership Information (BOI) reporting is a federal filing requirement that applies to many newly formed and newly registered businesses in the United States. It requires certain entities to report identifying information about the people

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