Focus on Your Business
While We Handle Your BOI Filing
The Beneficial Ownership Information (BOI) report is a new report required by the U.S. federal government that discloses the beneficial owners of a business. Most businesses are required to file the BOI report with the Financial Crimes Enforcement Network (FinCEN) between January 1, 2024 and January 1, 2025. A beneficial owner is any individual who, directly or indirectly, exercises substantial control over the reporting company or owns/controls at least 25% of the ownership interests of it. The BOI report was created to help increase transparency of businesses and help fight illicit activity through the use of business structures. Many business owners are shocked to learn that failing to meet these obligations can lead to hefty fines or even criminal penalties. This is where we come in – to ensure your business stays protected and compliant.
Regulatory
Compliance
Experience
We have over a decade of ensuring business regulatory compliance. We are committed to providing a service that gives you the freedom to focus on your business while we handle your compliance with federal law requirements. There are civil penalties if the BOI report is filed late and criminal penalties for willfully failing to file.
FinCEN estimates that it will takes around three (3) hours to prepare and file a BOI report, with the time varying depending on the complexity of the entity's ownership structure.
For a fee of $500, we will have a consultation call with your to discuss federal requirements, review your business agreement for BOI language, collect your information, pre, and file your federal report.