Beneficial Ownership Reporting FAQ

Does my company have to report its company applicants?

Your company is only required to report its company applicants if it is created or registered on or after January 1, 2024. There can be up to two individuals per organization who qualify as company applicants:

1. The individual who directly files the document that creates, or first registers, the reporting company;
2. The individual that is primarily responsible for directing or controlling the filing of the relevant document.

Beneficial Ownership Reporting FAQ

• Does my company have to report its beneficial owners?
• Who is a beneficial owner of my company?
• What specific information does my company need to report?
• When and how should my company file its initial report?
• What if my reported information is inaccurate or needs to be changed?