What is the definition of a "company applicant"?

By
David Senawi
Compliance
2
min read
Share this post

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.

Share this post
BOI Compliance, LLC (“BOI Comp”) is not affiliated with the US Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) directly. FinCEN permits third-party service providers to assist business owners in submitting reports through FinCEN’s BOI E-filing website or an Application Programming Interface. Once BOI Comp submits your report to FinCEN, you will receive confirmation. FinCEN does not charge a fee if you wish to navigate the government’s reporting application process yourself and submit your company’s BOI report directly to FinCEN.