11/22/2024
NEW FEDERAL REQUIREMENT FOR BUSINESSES TO FILE A BENEFICIAL OWNERSHIP INFORMATION (“BOI”) REPORT BEGINNING IN JANUARY 2024.
If you own a business entity: LLC, Corporation or Partnership; an important filing deadline is approaching that you should be aware of.
If your entity was formed before January 1, 2024, the first filing must be completed by January 1, 2025. Any entity formed on or after January 1, 2024, must file within 90 days of its formation and any entity formed on or after January 1, 2025, must file within 30 days of its formation. Failure to file on time may result in a civil penalty of $500 for each day of non-compliance and a criminal penalty of up to $10,000 and/or up to two years in jail.
We are happy to handle your beneficial ownership information (BOI) reporting with FinCEN.
As part of our service, we will file the initial BOI Report or update it for your corporation. Once you request our BOI Reporting Service, we will contact you to collect the information needed to submit your BOI report and you will receive electronic confirmation that it was successfully submitted.
We can help you file your report in a compliant and stress-free manner.