BOI Management | Exemption Questionnaire Made Simple BOI Management -

1 of 10 - Large Operating Company - Does your company have:

More than 20 full time employees in the United States

Over $5 million in sales as reported on it’s prior year’s income tax return

A physical presence in the United States

*Entity must meet all three criteria to qualify for the Large Company Exemption.

Is your company a subsidiary of a company that meets all three of the above criteria?

Yes

Your company is exempt from filing. To learn more, proceed to the FAQ's page.

2 of 10 - Inactive Company - Select all that apply

The entity was in existence on or before January 1, 2020.

The entity is not engaged in active business.

The entity is not owned by a foreign person, whether directly or indirectly, wholly or partially.

The entity has not experienced any change in ownership in the preceding twelve-month period.

The entity has not sent or received any funds in an amount greater than $1,000, either directly or through any financial account in the preceding twelve-month period.

The entity does not otherwise hold any kind or type of assets, whether in the United States or abroad.

*Entity must meet all six criteria to qualify for the Inactive Company Exemption.

Your company is exempt from filing. To learn more, proceed to the FAQ's page.

3 of 10 - Public Accounting Firm - Is your company a public accounting firm registered in accordance with section 102 of the Sarbanes-Oxley Act of 2002 (15 U.S.C. 7212)?

Yes

Is your company a subsidiary of a public accounting firm as defined above?

Yes

Your company is exempt from filing. To learn more, proceed to the FAQ's page.

4 of 10 - Tax-exempt services – Is your company any of the following?

Tax-exempt

Entity assisting a tax-exempt entity

Subsidiary of a tax-exempt entity

Tax-Exempt Entity - Select all that apply

The entity is an organization that is described in section 501(c) of the Internal Revenue Code of 1986 (Code) (determined without regard to section 508(a) of the Code) and exempt from tax under section 501(a) of the Code.

The entity is an organization that is described in section 501(c) of the Code, and was exempt from tax under section 501(a) of the Code, but lost its tax-exempt status less than 180 days ago.

The entity is a political organization, as defined in section 527(e)(1) of the Code, that is exempt from tax under section 527(a) of the Code.

The entity is a trust described in paragraph (1) or (2) of section 4947(a) of the Code.

*Entity must meet just one criteria to qualify for the Tax-Exempt Entity Exemption.

Assisting a Tax-Exempt Entity - Select all that apply

The entity operates exclusively to provide financial assistance to, or hold governance rights over, any tax-exempt entity.

The entity is a United States person as defined in section 7701(a)(30) of the Internal Revenue Code of 1986.

The entity is beneficially owned or controlled exclusively by one or more United States persons that are United States citizens or lawfully admitted for permanent residence.

The entity derives at least a majority of its funding or revenue from one or more United States persons that are United States citizens or lawfully admitted for permanent residence.

*Entity must meet all four criteria to qualify for the Assisting with a Tax-Exempt Entity Exemption.

Subsidiary of a Tax-Exempt Entity - Select all that apply to your parent company

The entity is an organization that is described in section 501(c) of the Code, and was exempt from tax under section 501(a) of the Code, but lost its tax-exempt status less than 180 days ago.

The entity is a political organization, as defined in section 527(e)(1) of the Code, that is exempt from tax under section 527(a) of the Code.

The entity is a trust described in paragraph (1) or (2) of section 4947(a) of the Code.

*Parent company must meet just one criteria to qualify for the Subsidiary of Tax-Exempt Entity Exemption.

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TaxExemptEntityCalc

Your company is exempt from filing. To learn more, proceed to the FAQ's page.

5 of 10 - Insurance services – Is your company any of the following?

Insurance company

State-licensed insurance producer

Subsidiary of either of the listed business types

Insurance Company - Does your company meet the following criteria?

The entity is an “insurance company” as defined in section 2 of the Investment Company Act of 1940 (15 U.S.C. 80a-2).

State-licensed Insurance Producer - Select all that apply

The entity is an insurance producer that is authorized by a State and subject to supervision by the insurance commissioner or a similar official or agency of a State.

The entity has an operating presence at a physical office within the United States.

*Entity must meet both criteria to qualify for the State-License Insurance Producer Exemption.

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State-licensed Calc

Your company is exempt from filing. To learn more, proceed to the FAQ's page.

6 of 10 - Investment and advisory services – Is your company any of the following?

Investment Company

Investment Adviser

Venture fund adviser

Subsidiary of either of the listed business types

Investment company - Select all that apply

The entity is an “investment company” as defined in section 3 of the Investment Company Act of 1940 (15 U.S.C. 80a-3).

The entity is registered with the Securities and Exchange Commission under The Investment Company Act of 1940 (15 U.S.C. 80a-1 et seq.).

*Entity must meet both criteria to qualify for the Investment Company Exemption.

Investment adviser - Select all that apply

The entity is an “investment adviser” as defined in section 202 of the Investment Advisers Act of 1940 (15 U.S.C. 80b-2).

The entity is registered with the Securities and Exchange Commission under The Investment Advisers Act of 1940 (15 U.S.C. 80b-1 et seq.).

*Entity must meet both criteria to qualify for the Investment Adviser Exemption.

Venture fund adviser - Select all that apply

The entity is an investment adviser that is described in section 203(l) of the Investment Advisers Act of 1940 (15 U.S.C. 80b-3(l))

The entity has filed Item 10, Schedule A, and Schedule B of Part 1A of Form ADV, or any successor thereto, with the Securities and Exchange Commission.

*Entity must meet both criteria to qualify for the Venture Fund Adviser Exemption.

Your company is exempt from filing. To learn more, proceed to the exemption page.

7 of 10 - Banking services - Is your company any of the following?

Bank

Credit Union

Depository Institution Holding Company

Subsidiary of any of the listed business types

Bank - Select all that apply

The entity is a “bank” as defined in section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813).

The entity is a “bank” as defined in section 2(a) of the Investment Company Act of 1940 (15 U.S.C. 80a-2(a)).

The entity is a “bank” as defined in section 202(a) of the Investment Advisers Act of 1940 (15 U.S.C. 80b-2(a)).

*Entity must meet just one criteria to qualify for the Bank Exemption.

Credit Union - Select all that apply

The entity is a “Federal credit union” as defined in section 101 of the Federal Credit Union Act (12 U.S.C. 1752).

The entity is a “State credit union” as defined in section 101 of the Federal Credit Union Act (12 U.S.C. 1752).

*Entity must meet just one criteria to qualify for the Credit Union Exemption.

Depository Institution Holding Company - Select all that apply

The entity is a “bank holding company” as defined in section 2 of the Bank Holding Company Act of 1956 (12 U.S.C. 1841).

The entity is a “savings and loan holding company” as defined in section 10(a) of the Home Owners’ Loan Act (12 U.S.C. 1467a(a)).

*Entity must meet just one criteria to qualify for the Depository Institution Holding Company Exemption.

Your company is exempt from filing. To learn more, proceed to the FAQ's page.

8 of 10 - Securities and Exchange services – Is your company any of the following?

Securities reporting issuer

Securities exchange or clearing agency

Other Exchange Act registered entity

Commodity Exchange Act registered entity

Subsidiary of any of the listed business types

Securities reporting issuer - Select all that apply

The entity is an issuer of a class of securities registered under section 12 of the Securities Exchange Act of 1934 (15 U.S.C. 78l).

The entity is required to file supplementary and periodic information under section 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78o(d)).

*Entity must meet both criteria to qualify for the Securities Reporting Issuer Exemption.

Securities exchange or clearing agency - Select all that apply

The entity is an “exchange” or “clearing agency,” as those terms are defined in section 3 of the Securities Exchange Act of 1934 (15 U.S.C. 78c).

The entity is registered under sections 6 or 17A of the Securities Exchange Act of 1934 (15 U.S.C. 78f, 78q-1).

*Entity must meet both criteria to qualify for the Securities Exchange or Clearing Agency Exemption.

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SecuritiesExchangeCalc

Other Exchange Act registered entity - Select all that apply

The entity is not a securities reporting issuer as defined in Exemption #1, broker or dealer in securities as defined in Exemption #7, or securities exchange or clearing agency as defined in Exemption #8.

The entity is registered with the Securities and Exchange Commission under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.).

*Entity must meet both criteria to qualify for the Other Exchange Act Registered Entity Exemption.

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OtherExchangeCalc

Commodity Exchange Act registered entity - Select all that apply

The entity is a “Registered entity” as defined in section 1a of the Commodity Exchange Act (7 U.S.C. 1a).

The entity is a “Futures commission merchant” as defined in section 1a of the Commodity Exchange Act (7 U.S.C. 1a).

The entity is a “Introducing broker” as defined in section 1a of the Commodity Exchange Act (7 U.S.C. 1a).

The entity is a “Swap dealer” as defined in section 1a of the Commodity Exchange Act (7 U.S.C. 1a).

The entity is a “Major swap participant” as defined in section 1a of the Commodity Exchange Act (7 U.S.C. 1a).

The entity is a “Commodity pool operator” as defined in section 1a of the Commodity Exchange Act (7 U.S.C. 1a).

The entity is a “Commodity trading advisor” as defined in section 1a of the Commodity Exchange Act (7 U.S.C. 1a).

The entity is a “Retail foreign exchange dealer” as described in section 2(c)(2)(B) of the Commodity Exchange Act (7 U.S.C. 2(c)(2)(B)).

*Entity must just one criteria to qualify for the Commodity Exchange Act Registered Entity Exemption.

Your company is exempt from filing. To learn more, proceed to the FAQ's page.

9 of 10 - Other financial activities - Is your company either of the following?

Money services business

Pooled investment vehicle

Money services business - Select all that apply

The entity is a money transmitting business registered with FinCEN under 31 U.S.C. 5330.

The entity is a money services business registered with FinCEN under 31 CFR 1022.380.

*Entity must meet just one criteria to qualify for the Money Services Business Exemption.

Pooled Investment Vehicle - Select all that apply

Is an investment company, as defined in section 3(a) of the Investment Company Act of 1940 (15 U.S.C. 80a-3(a);

Is a company that would be an investment company under that section but for the exclusion provided from that definition by paragraph (1) or (7) of section 3(c) of that Act (15 U.S.C. 80a-3(c)); and is identified by its legal name by the applicable investment adviser in its Form ADV, (or successor form) filed with the Securities and Exchange Commission or will be so identified in the next annual updating amendment to Form ADV required to be filed by the applicable investment adviser pursuant to rule 204-1 under the Investment Advisers Act of 1940 (17 CFR 275.204-1).

The entity is operated or advised by a bank, credit union, broker or dealer in securities, investment company, investment advisor, or venture capital fund adviser.

*Entity must all three criteria to qualify for the Pooled Investment Vehidle Exemption.

Your company is exempt from filing. To learn more, proceed to the FAQ's page.

10 of 10 - Government and infrastructure - Is your company any of the following?

Government authority

Public utilitiy

Subsidiary of any of the listed business types

Government authority - Select all that apply

The entity is established under the laws of the United States, an Indian tribe, a State, or a political subdivision of a State, or under an interstate compact between two or more States.

The entity exercises governmental authority on behalf of the United States or any such Indian tribe, State, or political subdivision.

*Entity must meet both criteria to qualify for the Government Authority Exemption.

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GovernmentAuthCalc

Public Utility - Select all that apply

The entity is a “regulated public utility” as defined in 26 U.S.C. 7701(a)(33)(A).

The entity provides telecommunications services, electrical power, natural gas, or water and sewer services within the United States.

*Entity must meet both criteria to qualify for the Public Utility Exemption.

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PublicUtilityCalc

Your company is exempt from filing. To learn more, proceed to the FAQ's page.

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ALERT: FinCEN has set a new BOI reporting deadline of March 21, 2025.

Exemption Questionnaire

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