12/06/2024
BOI filling requirement
Avoid penalties, including imprisonment for up to two years and/or fines up to $10,000, and civil fines of $591/day. File your Beneficial Ownership report today. We make it easy, accurate and quick.
When is the initial beneficial owner information report required to be filed with FinCen for companies existing prior to January 1st, 2024?
A domestic reporting company created before January 1, 2024 or an entity that became a foreign reporting company before January 1, 2024, must file a report not later than January 1, 2025.
When is the initial beneficial owner information report required to be filed with FinCen for entities created on or after January 1st, 2024?
Any domestic reporting company or foreign reporting company created on or after January 1, 2024, must file a report within 90 calendar days of either receiving actual notice that its creation has become effective or the Secretary of State or similar office first providing public notice it’s been created, such as through a publicly accessible registry, whichever occurs first.
Which types of organizations are considered reporting companies?
Beneficial Ownership Information reports must be filed by domestic reporting companies and foreign reporting companies. A domestic reporting company is defined as an entity that is a corporation, LLC or other entity created by the filing of a document with a secretary of state or similar office under the laws of a state or Indian tribe. A foreign reporting company is an entity that is a corporation, LLC, or other entity created under the law of a foreign country and registered to do business in any state or tribal jurisdiction by filing a document with a secretary of state or similar office under the law of a state or Indian tribe.
How to file it ?
Go to the below link at "boiefiling.fincen.gov" and select "File BOIR" to access the online form where you can submit your company's beneficial ownership information electronically; you can either upload a completed PDF version of the form or fill out the information directly on the website.
https://boiefiling.fincen.gov/
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