BOIR Portal User Guide

Quick BOIR Overview:

The FinCEN Beneficial Ownership Information requirement, part of the Corporate Transparency Act effective January 2024, mandates businesses to report their beneficial ownership by January 2025 to combat illicit activities and ensure compliance. This aims to improve federal oversight, prevent money laundering, and promote fair business pratices. If a business does not submit a BOIR, they may be subject to penalties.

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Useful Links:

Understanding the Corporate Transparency Act

BOIR FAQs

VerAleo Capital Partners Client Portal

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Steps to complete your BOIR requirement with VCP Client Portal:

Log in:

If this is your first time logging in to the site, log in using the one-time passcode that was sent to your email. You will be prompted to reset your password and log in again using the new password.

Populate Company General Information:

1. Navigate to the "Company Profile" page by clicking on "Company Profile"
2. Click "Edit"
3. Update all fields from their "Unknown" values to your company's up-to-date information

Submit your BOIR Submission Data:

1. Click on "BOIR Application" on the left toolbar
2. Click on "Start Reporting"
3. Input information about the Company Applicant (the person who is filling out this form)
   1. Make sure that you upload a file supporting your identifying document information.
4. Click "Add This Company Applicant to Submission" when completed to save this individual's information to your submission.
   1. You may add as many Company Applicants as you would like. However, the standard is one individual.
5. Click "Next" when you are ready to proceed.
6. Input information about any and all beneficial owners of the company using the same process as for the Company Applicant submission.
   1. Overview of Beneficial Owner qualifications:
      1. Individual owns at least 25 percent of the reporting company's ownership interests.
      2. Individual is a senior officer (company president, chief executive officer, chief operating officer, or any other high level position within the company)
      3. Individual has authority to appoint or remove certain company officers
      4. Individual is an important decision maker in the company.
7. Click "Next" when you are ready to proceed.
8. Review your data submissions in the Summary page
9. Authorize VCP to execute this filing on your behalf
10. Click "Submit"

*** if you would like to confirm that your submission was received ***

1. Navigate to "Company Profile"
2. Click on the "View My Filings" tab
3. You should see that the status has updated for your BOIR Submission