Get started on your required BOI Report
As part of the Corporate Transparency Act, a new federal mandate requires that businesses file a BOI Report to avoid criminal and civil penalties . We can help you to file in a compliant and stress-free way for only $99.
BOI LAW
- Customized federally required report
- Simplified process to help you file accurately with the government
- Confirmation of successful submission to the Financial Crimes Enforcement Network (FinCEN)
Understanding a new law that carries civil and criminal penalties, including imprisonment and fines, can be daunting. Eliminate the worry and risk of meeting this requirement with our easy and accurate report filing.
Who is a beneficial owner?
- An important decision-maker for the reporting company
- A senior officer
- An individual with the authority to appoint or remove certain officers or a majority of directors (or similar body) of the company
Get compliant
Satisfy the Corporate Transparency Act requirement with our help. We’ll file the information about the individuals who own or control your business with the Financial Crimes Enforcement Network (FinCEN).
Make things easier
Save time sifting through the complexities of a new federal law with our fast and easy report filing. We’ll ensure your filing meets all the requirements of the Corporate Transparency Act.
File with confidence
Get peace of mind with our accurate, compliant filing. You can be sure that we’ll include all information required by FinCEN and the new law. Plus, you’ll receive confirmation upon completion of the report.
What is Beneficial Ownership Information Reporting?
You are required to file identifying information about the individuals who directly or indirectly own or control your company with the Financial Crimes Enforcement Network in order to satisfy requirements under the Corporate Transparency Act.
The Beneficial Ownership Information Reporting Rule goes into effect Jan. 1, 2024, and it’s important to understand this new law given the severity of criminal and civil penalties for failure to file, which include imprisonment and fines.
How to Complete the BOI Report in 3 easy steps!
Correctly reporting the required information about those who own or control your business is key to avoiding serious civil and criminal penalties. We can help you easily and accurately meet those requirements.
Tell us about your beneficial owners
Answer a few simple questions about the individuals who own or control your business so your report is personalized and accurate.
We create and file the report for you
We’ll prepare a personalized report that satisfies the beneficial ownership information reporting requirement, and we’ll file it for you.
Receive confirmation of your filed report
Once we file your personalized report with the Financial Crimes Enforcement Network (FinCEN), we’ll provide confirmation.
Work
Why get help with the Beneficial Ownership Information Report?
Avoid serious penalties
Prevent criminal and civil penalties, including imprisonment for up to two years and/or fines up to $10,000, and civil fines of up to $500/day.
Focus on what matters
Concentrate on your business instead of navigating the complexities of a new federally mandated rule under the Corporate Transparency Act.
Enjoy peace of mind
Feel confident and secure about your business, knowing you’re in compliance with the Financial Crimes Enforcement Network (FinCEN).
Beneficial ownership information reporting supports the ongoing focus and efforts of the U.S. government to deter corporations who would hide or benefit from actions that harm others.
Testimonials
“Fast and easy process. Very helpful if you don’t know where to start. I feel confident that I will be in compliance with my business needs.”
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Beneficial ownership information reporting supports the ongoing focus and efforts of the U.S. government to deter corporations who would hide or benefit from actions that harm others.
Contact
Questions? Ask our team!
Get the right guidance to implement this easy solution for your law firm.
FAQs
What is beneficial ownership information reporting?
One Beneficial Ownership Information Report is required for each business entity that has formed with the Secretary of State. The report provides identifying information about the individuals who own or control a business with the Financial Crimes Enforcement Network, satisfying legal requirements under the Corporate Transparency Act.
How do I get a Beneficial Ownership Information Report?
How do I determine if I'm a beneficial owner?
A beneficial owner is an individual who directly or indirectly: (1) owns or controls at least 25% of your company’s ownership interests, or (2) exercises substantial control over your business. If you’re not sure, you can always talk to an attorney from our legal network.
What is an example of a beneficial owner with substantial control?
Examples of beneficial ownership and beneficial owners with substantial control include:
- An important decision-maker for the reporting company
- A senior officer (president, chief executive officer, chief financial officer, general counsel, chief operating officer, or any other officer with a similar function)
- An individual with the authority to appoint or remove officers or directors (or similar body) of the company
What is the Beneficial Ownership Information Reporting Rule?
The Beneficial Ownership Information Reporting Rule under the Corporate Transparency Act mandates the identification of individuals who benefit from a legal entity. The rule is in place to provide transparency, and it helps the federal government crack down on financial crimes and fraud, such as money laundering, corruption, human trafficking, drug trafficking, tax fraud, and fraud against employees, customers, and other businesses.
What is the point of beneficial ownership?
Effective Jan. 1, 2024, beneficial ownership information reporting is a legal requirement under the Corporate Transparency Act and supports the ongoing focus and efforts of the U.S. government to deter those who would otherwise hide or benefit from actions that harm others.
What information is required for beneficial ownership?
A beneficial owner is required to provide their legal name, date of birth, address, percentage of ownership, and an image of an acceptable identification document, such as a passport or driver’s license, along with the issuing jurisdiction and the document’s ID number.
Who must file a Beneficial Ownership Information Report?
Corporations and limited liability companies (LLC) will be required to report identifying information about the individuals who own or control a business with the Financial Crimes Enforcement Network to satisfy requirements under the Corporate Transparency Act. This new requirement applies to most business entities unless an exception applies.