oyster

boi/cta — the federal beneficial-ownership filing

the corporate transparency act (cta) requires most llcs and corps to file a beneficial ownership information (boi) report with fincen. oyster ships a category for it with the federal portal pre-linked.

3 steps~2 min
  1. 1

    what it is

    a one-time filing (re-filed when ownership changes) listing every individual who owns ≥25% or has substantial control. lives at the federal level, not the state.

  2. 2

    who has to file

    most llcs, corps, and similar entities — there are exemptions (large operating companies, banks, etc.). if you're a small-business owner forming an llc, you almost certainly have to file.

  3. 3

    use oyster's prep sheet + the fincen portal

    oyster's boi/cta prep sheet pre-fills your business info and links to the fincen e-filing portal (boiefiling.fincen.gov). free to file. takes about 15 minutes the first time.

    tip

    deadlines have shifted with court cases — oyster's templates ship with the current federal default; check the fincen site for the exact deadline if you're recently formed. miss it and the fines start at $500/day.

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