Skill

legalcode-boi-filing-prep

Prepares and audits Beneficial Ownership Information (BOI) reports for FinCEN under the Corporate Transparency Act (CTA), 31 U.S.C. § 5336. Covers reporting company identification and exemption screening (including the March 2025 interim final rule exempting domestic U.S. entities), beneficial owner determination using the 25% ownership threshold and substantial control four-category test, company applicant identification, FinCEN ID strategy, required information gathering and document checklist, filing deadlines and update obligations (30-day change window), correction safe harbor (90 days), civil and criminal penalty exposure, and ongoing compliance monitoring. Use this skill whenever a client asks whether they must file a BOI report, who qualifies as a beneficial owner, when a report is due, how to update or correct a prior filing, or what information FinCEN requires. Also triggers for "Corporate Transparency Act compliance," "CTA reporting," "FinCEN beneficial ownership," "BOIR filing," or any question about exemptions from BOI reporting obligations.