Business Resources

Beneficial Ownership Information Reporting

 “What is beneficial ownership information?

Beneficial ownership information refers to identifying information about the individuals who directly or indirectly own or control a company.”

How do I know if this applies to my business?

Apply for an EIN (Employer Identification Number)

“An EIN (Employer Identification Number) is a nine-digit number issued by the IRS used to identify businesses and certain other entities. An EIN number (also called a Federal Tax ID) is commonly used for taxing and banking purposes and to register your business with the federal government.”

Apply through the IRS here.

Looking for more Business Resources?

“SBA is the only cabinet-level federal agency fully dedicated to small business and provides counseling, capital, and contracting expertise as the nation’s only go-to resource and voice for small businesses.” Find SBA Resources here.