The Reporting Rule exempts the following twenty-three types of entities from the Beneficial Ownership Information (BOI) reporting requirements: Can your entity be described as any of the following?
1. Securities reporting issuer
2. Governmental authority
3. Bank
4. Credit union
5. Depository institution holding company
6. Money services business
7. Broker or dealer in securities
8. Securities exchange or clearing agency
9. Other Exchange Act registered entity
10. Investment company or investment adviser
11. Venture capital fund adviser
12. Insurance company
13. State-licensed insurance producer
14. Commodity Exchange Act registered entity
15. Accounting firm
16. Public utility
17. Financial market utility
18. Pooled investment vehicle
19. Tax-exempt entity
20. Entity assisting a tax-exempt entity
21. Large operating company
22. Subsidiary of certain exempt entities
23. Inactive entity
2/4
Does your entity employ more than 20 full-time employees in the United States?
3/4
Does your entity have an operating presence at a physical office within the United States, which is a location that the entity owns or leases and is distinct from any other unaffiliated entity?
4/4
Did your entity file a federal income tax or information return in the United States for the previous year showing more than $5,000,000 in gross receipts or sales?
This amount should be net of returns and allowances. If the entity is part of an affiliated group of corporations, the consolidated return for the group applies.