Part 9

What transactions and events might require a BOI report?

There are quite a few transactions and events that could lead to BOI reporting requirements if the transaction or event results in a change to the information reported about the company or the Beneficial Owners, a change in the Beneficial Owners, or the company becomes exempt or loses its exemption. Below are several transactions that many companies will encounter that may result in a report being required:

  • Forming a business
  • Buying or selling a business
  • Changes in ownership
  • A Beneficial Owner changes their residential address
  • The company relocates
  • Borrowing money
  • Some IP transactions such as licensing
  • Hiring or terminating key employees
  • Raising capital
  • Appointing or removing managers, directors, or officers
  • Changing, modifying, removing or adding any DBA name
  • Any of these events or transactions that impact an entity that directly or indirectly has substantial control over the company.


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