Our Services

Hundreds of US registered companies prefer Inkle for their regulatory processes

Hassle-Free Tax Filing

File taxes confidently with Inkle Tax, a chat-based solution powered by certified CPAs. We handle federal, state, and franchise tax filings with accuracy, compliance, and ease.

Accurate & Reliable Bookkeeping

Manage finances effortlessly with Inkle Books, our modern accounting software backed by certified bookkeepers and accountants. Automate transactions, categorize expenses with AI, and keep accurate records.

Smooth US Incorporation

Incorporate easily with our assisted servicesStripe Atlas for US founders and Inkle Incorporate (with Clerky) for India resident founders. We handle filings while you focus on growth.

Compliant & Easy Dissolution

Closing your business? Our in-house team ensures a smooth and fully compliant dissolution process, handling all necessary filings so you can wind down with peace of mind.

Filings made easy

Our services include filings of the most relevant US corporate and Federal filings for delaware C-Corps.

Frequently Asked Questions

Others
Is this only about fund transfers? What else is included?

No, it also includes compliance. You can pre-fix the purpose code and download e-FIRA for free from the dashboard to claim GST exemptions.

Others
What measures are in place to prevent unauthorised access?

We enforce stringent password security policies and MFA (Multi-factor Authentication) based access for all our employees via a central active directory. We strictly monitor access to customer data and only permit it on an as-needed basis.

Others
How does Inkle ensure data security and privacy?

We use the Advanced Encryption Standard (AES) algorithm with a key size of 256 bits and with a unique and proper encryption key rotation policy for each customer.

Can I do a 409A valuation internally, or is an external appraisal needed?

Companies for IRS compliance and impartiality often prefer external appraisals, as independent experts ensure accurate evaluation of complex factors. This results in well-supported reports, reducing inaccuracies and conflicts with tax authorities.

Income Tax
What kind of financial information is needed for Form 100?

Corporations must provide detailed financial data, including gross receipts, deductions, credits, and other pertinent details essential for calculating net income and tax liability.

Income Tax
Do I need to file a State Filing?

It's best to do a tax consultation with our certified professional tax experts who can help you determine the answer.

As a general rule of thumb: if you don't have a formal physical office, permanent employees in attendance, stock or inventory and business operations, then you won't need to file a State return. This is even if your US company address is located in that state. Basically: it depends on what you're doing in the state.

Income Tax
Do I still need to file a regular Form 1040 tax return if I pay estimated taxes with Form 1040-ES?

You must still file a Form 1040 tax return to reconcile your estimated tax payments with your actual tax liability.

Income Tax
Can I revoke the S corporation election made with Form 2553?

You can revoke the S corporation election under certain circumstances, but it typically requires shareholder consent and IRS approval.

Others
What types of financial reports can be generated?

Inkle Books offers a variety of financial reports to help you manage and analyze your business finances. These include:

  • Income Statements: Show your company’s revenues, expenses, and profits over a period.
  • Balance Sheets: Provide a snapshot of your assets, liabilities, and equity at a specific point in time.
  • Cash Flow Statements: Track cash inflows and outflows, helping you understand your liquidity.
Others
What ongoing support does Inkle provide after incorporation?

We offer post-incorporation maintenance services, including compliance tracking, bookkeeping assistance, and tax filing support.

Income Tax
Can I make Form 1040-ES payments online?

You can make electronic payments for Form 1040-ES through the IRS's Electronic Federal Tax Payment System (EFTPS) or by credit/debit card.

Income Tax
Is Form 5472 required for all foreign-related transactions?

Form 5472 is needed for specific reportable transactions, not all foreign-related ones. Consult IRS guidelines or Inkle to determine what to report.

Why is it essential for C corporations to file Form 926?

Filing Form 926 is crucial because it allows the IRS to monitor and track investments made by C corporations in foreign entities, ensuring compliance with tax laws.

Others
How long does the incorporation process take?

The timeline can vary based on several factors but typically ranges from a few days to a couple of weeks depending on your specific needs and structure.

Income Tax
Who is required to submit Tax Form 1120?

Regardless of taxable income, every US-based domestic corporation must file tax Form 1120. 

The following entities fall under the obligation to file tax Form 1120:

  1. Businesses opting for corporate taxation. These businesses must also complete Form 8832 and include a copy of Form 1120.
  2. Limited liability companies (LLCs). LLCs file Form 1120 only if they've chosen corporate taxation. Partnership LLCs use Form 1065, while single-member LLCs typically file taxes through the owner's personal federal tax return.
  3. Farming corporations. They are required to file Form 1120 to report their income/losses.
  4. Corporations with an ownership interest in a FASIT (Financial Asset Securitization Investment Trust).
  5. Foreign-owned domestic disregarded entities. If a foreign entity owns 100 percent of a domestic disregarded entity (D.E.), the D.E. is treated as separate from its foreign owner. The foreign entity must file Form 1120 and attach Form 5472.

Additionally, some types of corporations may need to complete additional forms, such as Form 1120 (Schedule N), for foreign operations in the U.S. Small corporations might not be required to fill out these additional forms. You can locate them by searching for "Form 1120" using the IRS Forms and Publications tool.

Income Tax
Do I need to file Form 8938 if I already report foreign assets on other forms like FBAR (FinCEN Form 114)?

Yes, both Form 8938 and FBAR might be necessary since they serve different purposes and have separate reporting thresholds. While FBAR has its requirements, Form 8938 is part of your annual tax return and may need to be filed, even if you're already submitting FBAR.

Others
Is Inkle a law firm?

No, Inkle is not a law firm and does not provide legal advice. For legal matters, we recommend consulting a licensed U.S. attorney.

Income Tax
Are there exceptions to filing Form 5471?

Yes, there are exceptions based on ownership thresholds and specific circumstances. It's essential to review the IRS guidelines to determine if you meet the criteria for exemption from filing Form 5471.

Why participate in Inkle Raise as an investor

US VCs and angels often don't get India-based dealflow without feet on the ground, and because India founders don't reach out to you. Inkle Raise fills that gap, providing a liquid platform for receiving vetted and curated pitches from quality early stage teams that you probably haven't heard of before.

Income Tax
Are there exemptions from filing Form 5472?

Some specific exceptions and exemptions exist for certain types of transactions and entities. For example, certain de minimis transactions may be exempt from reporting.

Others
What’s the difference between Clerky and Stripe Atlas?

Both are trusted incorporation partners, but they offer different features:

Clerky – Best for founders needing flexibility in share issuance, add-ons like SAFEs and stock plans, and an attorney collaboration portal.

Stripe Atlas – Best for ease of use, fixed share issuance, and perks like cashless founder stock purchase and massive Stripe discounts.

Compliance
Do I need to file a Form 1099?

If you have paid a US resident contractor or an LLC as a contractual payment or rent, during the Concerned Tax Year, then yes you must file a Form 1099 by 31st January of the following year annually. One filing per person/LLC. If you've missed the deadline, discuss with us how to proceed.

Who is required to file BE-12 2022?

In 2022, all companies that have foreign ownership or interests exceeding 10% at the end of the year are required to submit BE-12. This requirement applies to e-commerce platforms involved in digital product distribution as well as partnerships that hold real estate for non-personal purposes.

Income Tax
Who is eligible to use Form 8995?

Individuals, estates, and trusts with qualified company income from pass-through entities, like partnerships, S corporations, and sole proprietorships, may be eligible to use Form 8995.

Income Tax
What is a nil return?

Nil return means your US Corporation has no transactions in the concerned tax year.

What types of investors comprise the pool?

We invite high-quality, active investors of various kinds, including VCs, angels, scouts and syndicates.

Do I have to be an Inkle customer to be a part of Inkle Raise?

No.

Income Tax
How do I calculate the QBID using Form 8995?

Form 8995 provides a step-by-step calculation process to determine the QBID. It involves determining your qualified business income, limitations, and other factors.

Compliance
What is Form 8995?

Form 8995 is used to calculate and claim the Qualified Business Income Deduction (QBID) for individuals, estates, and trusts.

Compliance
Do I need to file a Form 5472 ?

Required if US corporation did any reportable transactions at any time during tax year AND has any 25%+ foreign shareholder. See here https://www.irs.gov/instructions/i5472

Compliance
Who has to file FinCEN BOI?

Reporting companies who are obligated to file are:

  • Domestic reporting companies include Corporations, LLCs, and other entities created by filing with a U.S. secretary of state or a similar office.
  • Foreign reporting companies include entities formed under foreign law registered to do business in the U.S. through filing with a secretary of state or similar office.
Sales Tax
Do I need to file a Delaware Franchise Tax & Annual Report?

If you have a Delaware C-Corp which was in existence during any calendar tax year (1st January to 31st December), then yes you must file the Annual Report and pay the Delaware Franchise Tax. This is going to cost you a minimum of $400 tax + $50 government filing fee, and possibly much more if you've raised in the millions.

Bookkeeping
Is a Bookkeeping Service Necessary for My Business?

Considering a bookkeeping service is an intelligent choice if you're looking to save time and money. Discover how professional bookkeeping can help streamline your finances with Inkle.

Income Tax
When is the deadline to file Form 2553?

To elect S corporation status for a tax year, Form 2553 generally must be filed two months and 15 days after the beginning of that tax year.

Compliance
Is the Delaware Franchise Tax Calculator free to use?

Delaware Franchise Tax Calculators are freely available online. However, it's essential to ensure you're using a reputable and accurate calculator provided by a trusted source, such as the Delaware Division of Corporations or reputable financial websites.

Is Inkle Raise an incubator or accelerator?

Inkle Raise is not a accelerator, incubator or investor. We provide warm introductions, events and tools for free to the community of founders who apply. Many of these founders will hopefully elect to do business with Inkle.

Income Tax
How do I calculate the QBID using Form 8995?

Form 8995 provides a step-by-step calculation process to determine the QBID. It involves determining your qualified business income, limitations, and other factors.

What is Delaware Franchise Tax?

The Delaware Franchise Tax is an annual tax imposed on businesses incorporated in Delaware or have a presence there. It is not a tax on income but on the privilege of conducting business in Delaware.

Income Tax
‍What's the Section 174 impact?

For your 2022 tax year and beyond, your taxable income might increase, possibly leading to due taxes even if you think you were loss making.

Can C corporations electronically file Form 926?

C corporations can electronically file Form 926 through the IRS's Modernized e-File (MeF) system.

Others
How secure is my financial information with Inkle Books?

Inkle Books prioritizes the security of your financial information with robust measures. The platform uses encryption to protect data both in transit and at rest. Additionally, Inkle Books complies with industry-standard security protocols and offers multi-factor authentication (MFA) for added security. Regular security audits and updates ensure that your financial information remains safe from unauthorized access.

Income Tax
What should I do if my income changes during the year after I've started making Form 1040-ES payments?

You should adjust your estimated tax payments to reflect the change in income. You can recalculate your estimated tax and make larger or smaller payments as necessary.

What is BE-12, and why is it important?

BE-12 is a survey conducted by the Bureau of Economic Analysis every five years to collect data on foreign investment in the US. US businesses with foreign ownership or control must participate.

Bookkeeping
What Are the Costs of Bookkeeping Services?

Various factors influence the cost of bookkeeping services, from business size to required features. Find out about pricing structures, with options ranging from monthly fees to hourly rates with Inkle.

Income Tax
Can I carry over excess Form 1040-ES payments to the following year?

If you overpay your estimated taxes, you can apply the overpayment as a credit toward your next year's estimated taxes or request a refund when you file your tax return.

Compliance
Must U.S. entities report foreign real estate on an FBAR?

Generally, foreign real estate isn't reported on an FBAR except when held through a foreign financial account like a foreign bank account, where exceptions may apply.

Income Tax
Are additional schedules and forms necessary to accompany Form 100?

Yes, based on the complexity of a corporation's finances, additional schedules like Schedule R, Schedule K, and others might be required with Form 100.

Compliance
Can I e-file Form 1099 with the IRS?

Yes, you can electronically file through the FIRE system, often extending the deadline to March 31. Many tax software providers and e-filing services offer this option.

Others
Why is auto-categorization not working for me?

Auto-categorization may not be working for several reasons:

  • Unrecognized Transaction Descriptions: The system might not recognize certain transaction descriptions or vendor names. Ensure your transactions have clear and consistent descriptions.
  • Rule Misconfiguration: Review your categorization rules to ensure they are set up correctly and apply to the appropriate transactions.
  • Data Sync Issues: Check if there are any issues with data synchronization between your bank accounts and Inkle Books. Ensure all accounts are correctly linked and updated.
  • Custom Categories: If you have custom categories or exceptions, ensure these are configured properly within your settings.

If auto-categorization issues persist, consider reaching out to Inkle Books’ support team for further assistance.

How often am I allowed to pitch to Inkle Raise?

You are eligible to pitch once every six months.

Income Tax
What is Form 2553?

Form 2553 is the application to elect S corporation status for a business entity with the IRS.

Will I get feedback on my pitch?

Due to the high volume of submissions, we regretfully cannot offer personalised feedback on individual pitch submissions. Nevertheless, you can enhance your pitch or prepare for future submissions by participating in our expert sessions or exploring our published content on our blog.

Others
Do I need a lawyer for incorporation?

No, our assisted service eliminates the need for expensive legal consultations. However, if you need legal advice, Clerky offers an optional attorney collaboration portal.

Income Tax
Do I need to attach Form 8995 to my tax return?

You typically need to attach Form 8995 or its related schedules to your tax return to claim the QBID. The exact attachments required may depend on your situation.

Income Tax
How do I know if I meet Form 8938 reporting thresholds?

Consider your residency status (U.S. or abroad) and the value of foreign financial assets on the last day of the tax year and at any time during the year. If thresholds are exceeded, file Form 8938.

What does Delaware C Corp mean?

A Delaware C Corporation (C Corp) is a type of business entity formed under the laws of Delaware and is taxed separately from its owners. A C Corp is considered a separate legal entity from its shareholders, meaning it can enter into contracts, own assets, and conduct business in its name.

Income Tax
What is Form 1040-ES?

Form 1040-ES estimates and pays your federal income taxes if you are not subject to withholding, such as self-employed individuals or those with significant additional income.

Income Tax
What are the tax implications of S corporation status?

S corporations are pass-through entities, meaning profits and losses are passed to shareholders, who report them on their tax returns. Understanding these tax implications is essential.

Others
Am I eligible?

If you primarily work with US-based companies that can benefit from Inkle’s accounting and tax solutions, we’d love to have you on board.

Income Tax
What sets apart a 1040 from an 1120?

Individuals employ Form 1040 to file personal income taxes, whereas C corporations utilise Form 1120 for corporate tax returns. The primary distinction lies in the taxpayer type: 1040 is for individuals, and 1120 is for corporations.

Income Tax
How do I fill out and submit Form 2553?

You can complete Form 2553 by providing information about your corporation, shareholders, and the S corporation election. The completed form is then submitted to the IRS.

Compliance
How do I update the IRS with my company address

Just put your new address on your new Tax Filing, and they'll update their systems. Or see here for other methods: https://www.irs.gov/faqs/irs-procedures/address-changes/address-changes

Compliance
What is the IRS electronic mandate?

The Internal Revenue Service (IRS) has introduced a significant update to its electronic filing requirements, effective for the 2023 tax year and onwards (to be filed in 2024). This new mandate stipulates that businesses filing ten or more information returns within a calendar year are obliged to submit these returns electronically. This marks a substantial change from the previous regulation, which set the electronic filing requirement at over 250 annual information returns.

Issued in February 2023, the updated IRS regulations encompass various information return types, including forms such as 1099s and W-2s. Under this new rule, businesses are required to aggregate the total number of all return types to determine if they meet or exceed the ten-return threshold. For instance, a company that needs to file two Form W-2s and eight Form 1099-NECs would have to file all of these returns electronically, as the combined total crosses the ten-return limit.

The mandate is quite inclusive, with few exceptions. It applies to almost all returns if their cumulative number exceeds ten. This regulation significantly impacts how businesses manage and file their information returns, especially those dealing with independent contractors' payments.

Income Tax
What happens if I miss a Form 1040-ES payment deadline?

Missing a payment deadline can result in penalties and interest charges, so making timely payments is essential. Late payments may also affect your ability to request an extension.

Bookkeeping
Can I Handle My Business's Bookkeeping on My Own?

Accounting software can empower small businesses to manage their own bookkeeping efficiently, thanks to automated operations ensuring accurate financial records. Know more with Inkle.

Others
Is my data backed up, and how often?

We ensure that data is backed up across multiple locations and can be retrieved within our recovery time objective if a failure does occur.

Additionally, we have a tested and detailed business continuity and disaster recovery plan in the event of a major disruption to one of our key service providers.

How do you evaluate the companies who apply?

Inkle's panel vets each startup on primary factors which all investors look for, such as team, market size, macro themes, product, disruption, progress. We do not conduct any due diligence or recommend investments. Investors do this themselves.

What are the penalties for filing Form 7004 Late?

Suppose you fail to file a 7004 tax extension or tax return within the appropriate deadline (March 15, 2023, for S-corporations and partnerships and April 18, 2023, for corporations and other businesses). In that case, the IRS will charge interest and penalties on any unpaid Federal taxes.

If you do not file and owe taxes, the failure-to-file penalty is 5% per month (up to 5 months) of the amount due. If your return is over 60 days late, you may be subject to a $135 minimum penalty. The IRS will also impose a failure-to-pay penalty of 0.5% per month (up to 25%) of the amount due if you file a return or extension but don’t pay all your taxes on time.

Compliance
Do I need to file a Form 5471 ?

Yes if your US corporation had a foreign subsidiary at any time during the concerned tax year.

Others
Does Inkle have a responsible disclosure program in place?

We appreciate your help in reporting bugs and have a vulnerability reporting system set up as documented here. Please reach out to security@inkle.io to report a bug.

How can I get IRS Form 1099?

You can get Form 1099 from the IRS website, request it from the IRS, or use tax software like Inkle for assistance.

Others
How do I earn rewards?

You earn rewards by sharing your referral link. When a friend signs up using your link and completes their first service, both you and your friend will receive $100 worth of Inkle Credits or an Amazon Gift Voucher.

Others
What do we need to start my incorporation on Inkle Incorporate?

Our team will assist you every step of the way. Before we kickstart your incorporation process with Inkle, please prepare the following information:

  • Brand Name: What will your company be called?
  • Entity Name: What will your company be registered as?
  • Incorporator Name: This can be anyone.
  • Incorporator Email
  • U.S. Mobile Number
  • Indian LLPs/RPs: One for each founder.
Compliance
Who is a Beneficial Owner of the company?

A beneficial owner is an individual who either directly or indirectly:

  1. Owns or controls at least 25% of the reporting company’s ownership interests.
  2. Exercises substantial control over the reporting company.

An individual is considered to exercise substantial control over a reporting company if they:

  • Hold a senior officer position (e.g., president, CFO, general counsel).
  • Possess the authority to appoint or remove specific officers or a majority of directors.
  • Serve as an important decision-maker for the company.
  • Exercise any other form of substantial control over the reporting company.
Income Tax
Can I claim the QBID if I have W-2 income?

Yes, you may still be able to claim the QBID even if you have W-2 wage income, but some limitations and calculations take W-2 wages into account.

Others
How do I get my unique referral link?

Click on the "Get My Referral Link" button. You will be redirected to the Inkle app, where you will be able to copy your referral link & share it with your community.

Others
What documents do I need to get started?

You will need basic information such as your company name, incorporator details, and any existing business entities in India.

What is the deadline for filing BE-12 2022?

May 31 or June 30, 2023, for eFiling.

Who should present their pitch to Inkle Raise?

High tech early stage product startups with at least one founder or a subsidiary based in India. Even if you are in the pre-product or pre-revenue stage, you are encouraged to apply. We have no restrictions on valuation size and are open to evaluating startups from any business model focusing on building a US or global business. Being an Inkle customer is not a prerequisite for submitting a pitch, but we'd love to help!

Others
How often do I get paid?

Partners receive earnings on a monthly basis.

Others
Where can I find more information or ask additional questions?

For more information or if you have further questions about the program, you can reach out to the Inkle support team through Chat within the platform.

Compliance
What is the difference between Form Form 8938 and FBAR?

You may need one, the other, or both. FBAR is filed with the Financial Crimes Enforcement Network (and is based on calendar year), whereas Form 8938 goes to the IRS as part of your federal tax filing (and is based on your chosen tax year). FBAR is judged based on foreign balances controlled by your US entity's foreign accounts or its controlled entities foreign accounts, whereas Form 8938 is judged based on a threshold of specified passive income. See here for more details: https://www.irs.gov/businesses/comparison-of-form-8938-and-fbar-requirements

Income Tax
‍Curious about the impact of Section 174 on your taxes? 🤔

Take the guesswork out and see the numbers for yourself.

Compliance
How will your company adapt its processes for managing and filing 1099-NEC forms to comply with the new requirements?

The updated IRS electronic filing mandate has significant implications for businesses employing independent contractors. While many companies are accustomed to electronically filing W-2 forms, the inclusion of 1099-NEC forms, typically used for freelancers and 1099 workers, into this process is a new requirement. Businesses with many independent contractors must now develop standardized procedures for filing 1099-NEC forms to maintain organized records, including tax verifications and invoices, for smooth filing at year-end.

The change from a 250-return threshold to just ten is considerable, affecting many businesses that previously relied on manual filing methods.

This oversight can lead to compliance risks and unregulated spending. With the new mandate, it becomes crucial for businesses working with independent contractors to maintain a comprehensive overview of all 1099-NEC forms required for end-of-year filing.

To adapt, companies may need to assign specific roles, possibly within human resources, to manage independent contractor engagements. This would ensure consistent onboarding and payment processes across the organization, facilitating accurate reporting at the end of the year.

Additionally, implementing automated and centralized systems could significantly reduce administrative workload and the likelihood of manual errors.

Is there a charge for Inkle Raise?

No. It's free.

Others
How can I connect my bank account if I don’t have a Mercury or Brex account?

If you don’t have a Mercury or Brex account, you can still connect your bank account to Inkle Books using Plaid, a secure financial data aggregator. Simply navigate to the “Data Sources” section in Inkle Books, select “Connect,” and click on “Other banking institutions” in the connect modal. Follow the prompts to connect your bank via Plaid.

Plaid supports over 12,000 US financial institutions, so you should be able to link your bank account without issues.

Compliance
Are there FBAR exceptions or rules for specific U.S. entities?

Some exceptions and rules may apply, especially for entities like trusts and tax-exempt organisations. Consult Inkle today for entity-specific guidance.

Bookkeeping
Is Bookkeeping Essential for Small Businesses?

Bookkeeping is crucial to small business management, irrespective of growth plans. Understand how it not only tracks finances but also aids in accurate tax filings.

Others
Is Inkle compliant with security certifications and standards?

Yes, our platform adheres to the SOC2 Type 2 security framework. We undergo regular third-party audits to maintain compliance and improve our security practices.

Compliance
What is a Letter of Undertaking (LUT) filing for exporters?

Companies exporting goods or services from India need to furnish a Letter of Undertaking (LUT) on the GST portal. This allows them to make these exports without paying IGST upfront.  It is recommended to include the LUT Application Reference Number (ARN) on the Transfer Pricing invoice.

Here's a sample Invoice: drive.google.com/file/d/1sHgIx7AwswLQkUYnAaiGudN7ZMCh4XSi/view?usp=sharing

Others
Can India-resident founders use this service?

Yes! India-resident founders should use the other tab to incorporate their US entity.

Bookkeeping
Distinguishing Bookkeeping from Accounting: What's the Difference?

While bookkeeping focuses on recording financial transactions, accounting involves interpreting, classifying, and reporting those transactions.

Income Tax
‍What does the Section 174 impact mean for you?

Instead of a full deduction of the R&D expenses upfront in the year it was incurred, you'll now have to spread (amortize) them over 5 years (US R&D) or 15 years (foreign R&D).

Compliance
Do we have to pay a filing fee for this?

No. There will be no government fee for submitting your beneficial ownership information report to FinCEN.

Compliance
What types of accounts are reportable on the FBAR?

FBAR requires reporting on various foreign financial accounts, including bank and investment accounts, and certain foreign retirement or pension accounts if they meet the reporting threshold.

Income Tax
Who is eligible to file Form 2553 to become an S corporation?

Specific criteria must be met, such as having a valid business structure (typically a domestic corporation), a particular number of shareholders, and meeting other requirements.

What occurs following the submission of my pitch?

Our panel will systematically review pitches and curate a cohort of ambitious companies to showcase.

Notification of your selection status will be provided by Inkle by 31st Dec 2023.

If selected, you will be introduced on a double opt-in basis to the investors who wish to meet you.

If not selected, you are welcome to pitch again after further progress.

Income Tax
Can LLCs file Form 2553 to become an S corporation?

No, Form 2553 is typically for corporations. However, some states allow LLCs to elect S corporation status for federal tax purposes.

What information is required on Form 5471?

Detailed reporting on foreign corporation ownership, finances, operations, including key data, related-party transactions, and essential info.

Compliance
What needs to be reported?

All reporting companies should include the following information in the Beneficial Ownership Information report -

Reporting Company Details:

  1. Legal name
  2. Trade names
  3. Current U.S. business address
  4. Jurisdiction of Formation
  5. Taxpayer Identification Number (TIN) or foreign-issued tax identification number and issuing jurisdiction.

Beneficial Owner Details:For each beneficial owner, the reporting company must provide:

  1. Name
  2. Date of birth
  3. Residential address
  4. Identifying numbers from an acceptable ID document (e.g., passport or U.S. driver's license) and the issuing state or jurisdiction. (Include a copy of the identification document used for obtaining the identifying number).

Company Applicant Details:Only applicable for companies incorporated on or after 1st Jan 2024. For each company applicant, the reporting company must provide:

  1. Name
  2. Date of birth
  3. Address
  4. Identifying numbers from an acceptable ID document (e.g., passport or U.S. driver's license) and the issuing state or jurisdiction. (Include a copy of the identification document used for obtaining the identifying number).

Still have questions?

Reach out to our support team if you have any additional questions regarding filing.

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