Report Beneficial Ownership Information to FinCEN (if applicable)
BUSINESS ALERT: Due to ongoing legal action, the BOI filing requirement has been suspended. Learn more at FinCen.gov/BOI. Voluntary filings are still being accepted.
Beginning January 1, 2024, most entities created in or registered to do business in the United States must report information about their beneficial owners—the persons who ultimately control the company—to the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). Additional information about the reporting requirements, including answers to questions such as “is my company required to report beneficial ownership information to FinCEN,” “who is a beneficial owner,” and “when do I need to report my company’s beneficial ownership information" is available on FinCEN’s beneficial ownership information webpage, FinCEN.gov/BOI.
Tax-exempt entities are not required to report this information to FinCEN; however, non-profit corporations must take additional steps after registration to apply for recognition as a federally tax-exempt entity. Tax exempt status (such as 501(c)(3)) is not automatically awarded at the time of registration with the RI Department of State.
Beneficial ownership reports should only be submitted directly to the Financial Crimes Enforcement Network at FinCEN.gov/BOI.