Deadline for filing extended to 1/13/2025!
97% of small businesses are required to file a FinCEN BOI Report in 2024
- Less than 10% of small business owners know of their BOI filing obligations. Do you?
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Avoid penalties up to $500/day
and $10,000. - Choose US Business Filing for efficient, compliant BOI filing today.
Important Notice:
In light of a December 23, 2024, federal Court of Appeals decision, reporting companies are once again required to file Beneficial Ownership Information (BOI) with FinCEN.
What is the BOI Report?
The CTA was signed into law on January 1, 2021, with a focus on preventing financial crime and money laundering within the US. Bad actors seek to conceal their ownership of entities, to facilitate money laundering, funding of terrorist activity, tax evasion, and other financial crimes.
Reporting companies will be required to file a BOI report with FinCEN and maintain up-to-date information on their companies and their beneficial owners within 30 days of a change(s).
What is the Corporate Transparency Act?
Effective January 1, 2024, all US and foreign companies that were formed in, or have registered with any of the 50 US states, must comply with new Beneficial Ownership Information (BOI) reporting requirements with the Financial Crimes Enforcement Network (FinCEN), as prescribed by the Corporate Transparency Act (CTA).
Beneficial Ownership
The Beneficial Ownership Information report (“BOI”) is required to be filed by reporting companies entities starting January 1, 2024.
BOI Reports
BOI Reports include information about the reporting company, the reporting company’s beneficial owners, and “company applicants” who assisted with the filings to create the entity.
Effortless & Immediate
BOI Reports Filing with US Business Filing
Our state-of-the-art filing platform streamlines the BOI filing process, ensuring accurate and complete submissions within just ten minutes. Enabling you to allocate more time to reinvest in your business and enhance its growth.
The potential penalties for this violation can be severe, including a daily fine of up to $500 for each day the issue remains unresolved. Additionally, there’s a possibility of being fined up to $10,000 and/or facing imprisonment for up to 2 years.