Effective March 1, 2026

Buying in an Entity or Trust? Prepare Early.

If your residential purchase is non-financed and the buyer is an entity or trust, expect identity and ownership requests. The faster you provide them, the smoother the closing.

When This Usually Applies

You're more likely to be impacted when:

Residential property

1–4 units, condo, co-op, or qualifying land

Cash or private financing

All-cash or privately financed (as applicable)

Entity or trust buyer

LLC, corporation, partnership, or trust

What You May Be Asked to Provide

A

Beneficial Ownership Information (BOI)

Be prepared to provide information on the real people who own or control the purchasing entity or trust, including:

  • Legal name
  • Date of birth
  • Residential address
  • Taxpayer identification number (as required)
  • Copy of an unexpired government-issued ID
B

Entity Documents (LLC / Corp / Partnership)

Common requests include:

  • Formation documents (articles of organization/incorporation)
  • Operating agreement / partnership agreement (as applicable)
  • EIN (if applicable)
  • List of managers/officers/members and control persons (as applicable)
C

Trust Documents (for Trust Buyers)

Common requests include:

  • Trustee and beneficiary information (as applicable)
  • Relevant portions of the trust instrument (as applicable)
D

Funding Information (Private Financing)

If privately financed, you may be asked for:

  • Source of funds details (as applicable)
  • Private lender details (as applicable)

Timeline Reality

BOI collection can take time when:

There are multiple beneficial owners
Ownership is layered across multiple entities
Owners are out-of-state or hard to reach
Trust structures require additional documentation

If you want a smooth close, treat this like insurance: collect it before you need it.

How PCT Helps

PCT can help coordinate:

  • What documents are needed
  • Who must provide identity information
  • How to keep the process secure and organized
  • How to avoid last-minute surprises

Want a Head Start Checklist?

Tell us how the buyer plans to take title and how the purchase will be funded. We'll outline the likely next steps.

Start FinCEN IntakeCheck if it's reportable

Disclaimer: This information is provided for general educational purposes and does not constitute legal or tax advice. FinCEN applicability can vary by facts and exemptions. Please confirm specifics with your escrow officer or legal counsel.