Wednesday, May 01, 2024
Updated: Feb 26, 2024
FinCEN issues identification numbers for companies and individuals. When filing a BOI report for a company, you have the option to request a Company FinCEN ID. Individuals can also have FinCEN IDs, which can be used in place of Beneficial Owner or Company Applicant identifying information on the BOI report. We don’t currently offer filing service to obtain individual FinCEN IDs, but you can apply for an individual FinCEN ID here. The main advantage of a individual FinCEN ID would be if you are listed as a Beneficial Owner for multiple companies. With a FinCEN ID, you could update just the info associated with your ID number, rather than updating your BOI Report for each company.
Have you watched the training that started the "Family Bank" movement yet? If not, take 34 minutes today to see what all of the buzz is about:
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