Not all companies are required to report BOI to FinCEN under the Reporting Rule. Companies are required to report only if they meet the Reporting Rule's definition of a "reporting company" and do not qualify for an exemption. This chapter will help you determine whether your company qualifies. This chapter covers the definition of reporting company, describes entities that are exempt, and explains what happens if the required information is not reported:

1. 1.1 Is my company a "reporting company"?
2. 1.2 Is my company exempt from the reporting requirements?
3. 1.3 What happens if my company does not report BOI in the required timeframe?

This chapter generally covers 1010.380(c),"Reporting company" and 1010.380(g) "Reporting violations".