Submit your Beneficial Ownership Information Report with us
To avoid serious criminal and civil penalties, businesses that form in 2024 must file a Beneficial Ownership Information Report (BOIR) within 90 days of forming. No matter when your business formed, we can help you determine your deadline and file for you. For only $199.
WITH CONFIDENCE AND PEACE OF MIND
Our Process For Submitting your Report
SUBMIT YOUR INFORMATION
Use our easy application questionnaire.
Our approach is designed to alleviate the burden and stress often associated with regulatory filings, offering business owners peace of mind knowing that their FinCEN report is accurately prepared and submitted on time.
For Only $199 and avoid $500/day
APPLICATION UPDATES/CORRECTIONS
Need to update your BOI report?
Updating your application has never been easier! With our user-friendly interface and streamlined questioner, we can quickly get the information we need to make any necessary changes or updates to your application.
Complimentary updates for filings with us. Otherwise, $199 for corrections/application
Starting January 1, 2024, the Corporate Transparency Act requires all US-based and foreign businesses in the 50 states to report Beneficial Ownership Information (BOI). It's required to comply with the Financial Crimes Enforcement Network (FinCEN) to meet these new regulations.
The Corporate Transparency Act is a law that’ll require millions of the nation’s smallest business entities to report beneficial owner information (BOI) to the Financial Crimes Enforcement Network (FinCEN) starting in 2024. (FinCEN is a bureau of the U.S. Department of the Treasury.) The law was enacted because “illicit actors” often set up small LLCs and corporations as shell companies, or fronts, to hide the identities of owners who are engaged in money laundering, financing terrorism, and other illegal activities.
Small businesses that match these criteria will be required to file BOI reports:
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Have 20 or fewer full-time employees and less than $5 million in sales and
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Are LLCs, limited liability partnerships, corporations, business trusts, or other entities created by filing with a Secretary of State, tribal jurisdiction, or similar office
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Foreign LLCs and corporations that are registered to do business in any state or tribal jurisdiction
Organizations with more than 20 full-time employees and over $5 million in annual gross receipts are excluded from reporting requirements.
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According to FinCEN, the term beneficial owner includes any individual who, directly or indirectly, either
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Exercises substantial control over a reporting company (meaning they can make important decisions for the company) or
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owns or controls at least 25 percent of the ownership interests
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No. The BOI reports are made to the US federal government through FinCEN in an effort to fight financial crimes. Information reported that is not already public will not become public by completing the mandatory BOI report.
Additional Resources:
FinCEN BOI FAQ: https://www.fincen.gov/boi-faqs
Compliance Guide: https://www.fincen.gov/sites/default/files/shared/BOI_Small_Compliance_Guide_FINAL_Sept_508C.pdf
FinCEN FAQ: https://www.fincen.gov/boi-faqs#M_3
FinCEN Beneficial Ownership Guide link: https://www.fincen.gov/sites/default/files/shared/BOI_Small_Compliance_Guide.v1.1-FINAL.pdf