Starting this month, we at VP, will elucidate the components of the BOI -Beneficial Ownership Information (that is to be filed by small entities, to safeguard not only the commercial interest, but also economic safety).
This post is in continuation of the earlier two posts on the BOI- Beneficial Ownership Information.
Are there Any exempt organizations?
Yes, there are certain entities that are exempt organizations.
The following table summarizes the 23 exemptions:
Securities reporting issuer
Governmental authority
Bank
Credit union
Depository institution holding company
Money services business
Broker or dealer in securities
Securities exchange or clearing agency
Other Exchange Act registered entity
Investment company or investment adviser
Venture capital fund adviser
Insurance company
State-licensed insurance producer
Commodity Exchange Act registered entity
Accounting firm
Public utility
Financial market utility
Pooled investment vehicle
Tax-exempt entity
Entity assisting a tax-exempt entity
Large operating company
Subsidiary of certain exempt entities
Inactive entity
If you need help figuring out who should be included in this form, contact us at [email protected].
