BOI Reporting Service
Effective January 1, 2024, the Corporate Transparency Act requires most LLCs and Corporations in the United States to file reports with the Financial Crimes Enforcement Network (FINCEN) about their owners/managers/directors, who are known as beneficial owners.
Beneficial Owners are defined as as all individuals who own a 25% or more interest in the company, OR who exercise substantial control over the entity. Any change in company ownership, contact info of a Beneficial Owner, or even a change in the Beneficial Owner’s license number, requires an updated filing.
Entities formed before January 1, 2024 have till the end of 2024 to file and must also report information about the company applicant; entities created in 2024 have 90 days to file; and starting in 2025, that will be reduced to within 30 days of formation.
Trusts that own a reporting company may potentially need to report the Grantor, Trustee, Beneficiaries, and/or Trust Protector.
Failure to comply with the reporting requirements can subject you to civil penalties of $591 per day and up to two years imprisonment and/or up to $10,000 of fines in criminal penalties.
Our expert BOI attorneys have been studying the regulations and can help you comply with all of these new reporting obligations.
Outsource your Reports, Offload your Worries
Expert Guidance
Our lawyers have been studying the law closely and are well versed in all aspects of the Corporate Transparency Act’s requirements.
Peace of Mind
Don’t want to read through the regulations or risk subjecting yourself to the start penalties. We’ll handle that for you!
Clear, Simple, Fee Structure
$200/entity for up to two Beneficial Owners
$50 for each additional Beneficial Owner
$50 for each future update