Beginning January 1, 2024, Most Business Entities Will Have to Provide a “New Beneficial Ownership Information” Report.
Don’t Be Caught Out of Compliance.
In 2021, Congress enacted the Corporate Transparency Act. This law creates a beneficial ownership information reporting requirement as part of the U.S. government’s efforts to make it harder for bad actors to hide or benefit from their ill-gotten gains through shell companies or other opaque ownership structures. This report will go directly to the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury. If you're an LLC, corporation, or foreign entity registered in the United States, you likely need to file a BOI report.
Why do you want BOIEasy to handle this information gathering and reporting for you?
Companies that fail to comply could face fines of up to $500 per day, per legal entity.
Avoid errors in data and interpretation with this new law. We are experts in determining what needs to delivered to the government in this report.
Start taking care of this requirement now, instead of dealing with these details at the end of the year when the report is due. We automatically take care of the initial information gathering and any changes that happen during the year that can impact the filing.
Most critically, this is another time consuming, yet government mandated administrative task that can take you away from what you do best… running and growing your business. And that is worth it’s weight in gold!