Bookkeeping and Accounting Setup
Assess whether your new business has a bookkeeping system, chart of accounts, and process to keep clean records from the start.
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For founders, new owners, and anyone starting out
Beneficial Ownership Reporting Screen
Clarify beneficial ownership reporting screen as a first-time owner: what decision you are making, what must happen now, what can wait, and the next concrete action.
6 guided steps
Private in your browser
Official guidance links
Start the free checker
Your free guided checker
Answer a few quick questions below. It is private - nothing is submitted or stored - and takes about a minute.
General information only; not legal, tax, insurance, cybersecurity, or investment advice. Confirm formation decisions with qualified advisers in every applicable jurisdiction.
The questions this tool walks you through
Here is what the checker asks and why each step matters. Prefer to talk it through? Contact us and we will help directly.
Have you confirmed the entity’s current BOI status directly with FinCEN—including whether it is domestic or foreign-created and whether an exemption or update rule applies—rather than relying on outdated summaries?
Answer based on what you genuinely know today. A “No” identifies a question or task; it does not mean you made a mistake.
Continue to the next control. Note this item for your final action list, then continue.
Official guidance: FinCEN beneficial ownership information
Do you know whether the entity was created in the United States or is a foreign entity registered to do business here—the distinction currently driving BOI filing status?
Answer based on what you genuinely know today. A “No” identifies a question or task; it does not mean you made a mistake.
Continue to the next control. Note this item for your final action list, then continue.
Official guidance: FinCEN beneficial ownership information
Have you saved a dated FinCEN source showing why you file, do not file, or qualify for an exemption, rather than relying on formation-service marketing?
Answer based on what you genuinely know today. A “No” identifies a question or task; it does not mean you made a mistake.
Continue to the next control. Note this item for your final action list, then continue.
Official guidance: FinCEN beneficial ownership information
Have you recorded the entity’s creation date, jurisdiction, and ownership so an exemption or filing analysis can be audited later?
Answer based on what you genuinely know today. A “No” identifies a question or task; it does not mean you made a mistake.
Continue to the next control. Note this item for your final action list, then continue.
Official guidance: FinCEN beneficial ownership information
Do you have a calendar trigger to re-check FinCEN rules after any ownership change or publicly announced BOI update?
Answer based on what you genuinely know today. A “No” identifies a question or task; it does not mean you made a mistake.
Continue to the next control. Note this item for your final action list, then continue.
Official guidance: FinCEN beneficial ownership information
Have you saved a dated FinCEN source and written memorandum stating whether you must file, are exempt, or must update—without relying on formation-service marketing?
Answer based on what you genuinely know today. A “No” identifies a question or task; it does not mean you made a mistake.
File or skip BOI based on the dated FinCEN analysis Open current FinCEN BOI guidance and save it with today’s date
Official guidance: FinCEN beneficial ownership information
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