Beneficial Ownership Information (BOI) Reporting

The Corporate Transparency Act has introduced new reporting requirements for businesses operating in the United States. Starting January 1, 2024, most companies must report their beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN).

Our BOI Filing Service: $125 one-time fee

Understanding BOI Requirements

The Corporate Transparency Act represents one of the most significant changes to business compliance in recent years. This new federal requirement aims to enhance transparency in company ownership structures to prevent financial crimes and improve corporate accountability.

Beneficial ownership information includes details about the individuals who ultimately own or control your company. This goes beyond just identifying shareholders – it includes individuals who exercise substantial control over the business or own 25% or more of the company's ownership interests.

What Our Service Provides

We've streamlined the BOI reporting process to make it as simple as possible for business owners. Our comprehensive service handles the entire filing process:

Information Collection: We guide you through exactly what information is needed, ensuring you provide all required details without unnecessary complexity. Our process is designed to be thorough while respecting your time and privacy.

Document Preparation:  Our team prepares all necessary documentation in the format required by FinCEN. We ensure everything meets federal requirements and is ready for submission.Our team prepares all necessary documentation in the format required by FinCEN. We ensure everything meets federal requirements and is ready for submission.

Filing and Confirmation: We handle the actual filing process with FinCEN and provide you with confirmation of your compliance. You'll receive copies of all filed documents for your records.

Meeting Filing Deadlines

The law establishes specific deadlines based on when your company was formed:
Existing Companies: If your business was formed before January 1, 2024, you have until January 1, 2025, to file your initial report.

New Companies: Businesses formed in 2024 have 90 days from formation to file. After January 1, 2025, new companies will have 30 days from formation to submit their reports.

Understanding Compliance Requirements

While most small businesses must file BOI reports, certain entities are exempt. Understanding whether your company needs to file is crucial for maintaining compliance.

Frequently Asked Questions

BOI Filing Requirements

Who Must File BOI Reports?

Most small businesses and companies must file BOI reports, including:
  • Corporations, LLCs, and limited partnerships formed in any U.S. state
  • Foreign companies registered to do business in the United States
  • Recently formed or existing companies regardless of revenue

Exempt companies typically include:
  • Banks, credit unions, and financial institutions
  • Public companies reporting to the SEC
  • Companies with over 20 employees and $5M in revenue
  • Tax-exempt organizations and nonprofits

Maintaining BOI Compliance

Initial Filing
Our team guides you through the entire process:
  1. Complete our straightforward questionnaire
  2. Provide basic information about beneficial owners
  3. Review prepared documentation
  4. Receive filing confirmation

Updates and Changes
Report changes within 30 days of:
  • New beneficial owners
  • Information updates for existing owners
  • Changes in ownership percentage
  • Company control modifications