BOI filing after corporate restructuring

If your company is created by a filing, treat it as a reporting company and prepare an initial BOI report on the applicable deadline. If your restructuring creates a new legal entity (by conversion or jurisdiction change), that new entity likely must file an initial report.

If the restructuring changes who meets the 25% ownership test or who exercises substantial control, file an updated report within 30 days. For short-lived merger subsidiaries and entities that dissolve prior to their initial deadline, FinCEN requires an initial BOI report — don’t assume merger-out or dissolution relieves the obligation.

Collect BOI information early, obtain FinCEN IDs for beneficial owners where practical, coordinate BOI filings with counsel and closing timelines, and correct inaccuracies promptly.

If your company is created by a filing, treat it as a reporting company and prepare an initial BOI report on the applicable deadline. If your restructuring creates a new legal entity (by conversion or jurisdiction change), that new entity likely must file an initial report.

If the restructuring changes who meets the 25% ownership test or who exercises substantial control, file an updated report within 30 days. For short-lived merger subsidiaries and entities that dissolve prior to their initial deadline, FinCEN requires an initial BOI report — don’t assume merger-out or dissolution relieves the obligation.

Collect BOI information early, obtain FinCEN IDs for beneficial owners where practical, coordinate BOI filings with counsel and closing timelines, and correct inaccuracies promptly.