What is the definition of a "company applicant"?
A "company applicant" is defined as an individual who files an application to form a corporation, limited liability company (LLC), or similar entity under the laws of a state or Indian Tribe, or registers or files an application to register a foreign entity to do business in the United States. The definition also includes anyone who directs or controls such filings. Understanding the role of a company applicant is crucial for accurate BOI reporting, as this individual’s information must be included in the BOI report. Proper identification and documentation of company applicants help ensure compliance with BOI regulations.