#REPORT FILE DEFINITION PDF#

Is my accountant or lawyer considered a beneficial owner?ĭ. Who qualifies for an exception from the beneficial owner definition?ĭ. One of the indicators of substantial control is that the individual is an important decision-maker. Who is a beneficial owner of a reporting company?ĭ. Is a trust considered a reporting company if it registers with a court of law for the purpose of establishing the court’s jurisdiction over any disputes involving the trust?ĭ. Are certain corporate entities, such as statutory trusts, business trusts, or foundations, reporting companies?Ĭ. Are some companies exempt from the reporting requirement?Ĭ. What companies will be required to report beneficial ownership information to FinCEN?Ĭ. Is a reporting company required to use an attorney or a certified public accountant (CPA) to submit beneficial ownership information to FinCEN?Ĭ. How will I report my company’s beneficial ownership information?ī. Will there be a fee for submitting a beneficial ownership information report to FinCEN?ī. When will FinCEN accept beneficial ownership information reports?ī. When do I need to report my company’s beneficial ownership information to FinCEN?ī. Should my company report beneficial ownership information now?ī. Under the Corporate Transparency Act, who can access beneficial ownership information?ī. Why do companies have to report beneficial ownership information to the U.S. What is beneficial ownership information?Ī.

#REPORT FILE DEFINITION PDF#

PDF versions of the FAQs in English and other languages are available here.Ī. Questions may be submitted on FinCEN’s Contact web page. FinCEN expects to publish additional guidance in the future. Please refer to the Beneficial Ownership Information Reporting Rule, available at for details on specific provisions.

These FAQs are explanatory only and do not supplement or modify any obligations imposed by statute or regulation. FinCEN has prepared the following Frequently Asked Questions (FAQs) in response to inquiries received relating to the Beneficial Ownership Information Reporting Rule.

Report file definition