What is the BOI Report?
The Corporate Transparency Act requires all US-based and foreign businesses in the 50 states to report Beneficial Ownership Information (BOI). It's required to comply with the Financial Crimes Enforcement Network (FinCEN) to meet these new regulations.
What is the BOI Report?
Both reporting companies and their beneficial owners are required
Business Owners
All beneficial owners of a USA based LLC that meets the requirements will have to file their information in a BOI report
Most USA-based LLCs
Most businesses that were formed in the USA, prior to January 1, 2024 are now required to file a BOI report
What information is needed to file?
FinCEN BOI Filing makes filing your BOI simple, by only needing a few details
Reporting Company Details
When filing with FinCEN BOI Filing, you only need to provide your Company Name, EIN, and company address
Beneficial Owner Information
All beneficial owners of a company are required to file their names, ownership %, and their address
Ready to file?
Less than 5 minutes
FinCEN BOI Filing makes your BOI reporting requirement quick and easy
Privacy is paramount at FinCEN BOI Filing. We ensure confidentiality by securely transmitting reports to FinCEN via an approved API connection with their system.
Accurate Compliance
Ensuring you are legally compliant with new BOI reporting requirements
FinCEN BOI Filing offers BOI reports at $39 per entity with no additional fees or upselling.
How to file your BOI?
FinCEN BOI Filing makes filing your BOI Report an easy three step process, detailed below.
1. Take eligibility quiz
Click here to take our eligibility quiz to determine if you need to file a BOI report. This takes less than 3 mins.
2. Submit your filing
Complete the FinCEN BOI Filing form with your information, typically taking 5-10 minutes
3. Receive filing confirmation
After we securely transmit the information via our secure API connection to the FinCEN reporting system, you'll receive a confirmation email once your BOI is approved.
How to file your BOI?
To determine your filing deadline, select when your business was formed...
Was your business formed before January 1st, 2024?
For companies formed before January 1, 2024, the deadline for the initial BOI report submission is January 1, 2025.
Important Reminder
Late filings can result in fines of $500 per day, up to $10,000
Was your business formed on or after January 1, 2024
Companies established on or after January 1, 2024, must submit their initial report within 90 days of their creation date.
Late filings can results in fines of $500 per day, up to $10,000
Stay ahead of late penalties
1. Take eligibility quiz
Act now to ensure full BOI compliance with current regulations and avoid potential legal penalties.
Timely BOI submission is crucial for maintaining your company's good standing and avoiding costly fines.
Resource center
Frequently Asked Questions
Have questions about the Beneficial Ownership Filing process? Check out FinCEN BOI Filing's frequently asked questions for the answer.
Are there penalties for not filing a BOI report?
Yes, failing to file a BOI report can result in substantial penalties, including hefty fines and potential legal repercussions. Learn more about the BOI deadlines and non-filing BOI penalties.
How do I file a BOI report?
Filing a BOI takes about 5-10 minutes and can be done here. If you’re not sure if you are required to file, you can take the one minute BOI Eligibility Quiz.
What is a BOI report?
Filing a BOI takes 5-10 minutes and can be done here. If you’re unsure if you are required to file, you can take the one minute BOI Eligibility Quiz.
What information is required in a BOI report?
You’ll need details of beneficial owners (name, address, ID number) and basic company information (name, address, registration details). Check out our ultimate guide to filing a BOI report for a complete list of items needed.
Who needs to file a BOI report?
Generally, most businesses, except for some exempt categories like publicly traded companies, are required to file a BOI report. For a comprehensive list of businesses who need to file, check out the essential guide to BOI reporting.
When is the BOI report due?
The due date for BOI reports varies based on jurisdiction and specific business circumstances. You can learn more about the BOI deadlines here.
