The BOI Reporting Deadline is Here
Tens of millions of small businesses will need to file a Beneficial Ownership Information (BOI) report with the U.S. Department of Treasury by January 1, 2025. Failure to comply with this new law can result in hefty civil and criminal fines and possible jail time.
This new law applies to most small companies, but if your business has more than 20 full-time employees, more than $5 million in gross receipts, and an operating presence at a physical office in the USA, then you may be exempt. Not sure if you need to submit a BOI Report? We have you covered!
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How Many Beneficial Owners Does Your Company Have?
Any individual who owns 25% or more of the ownership interests in your company OR any individual who has “substantial control” over your company is considered a beneficial owner.
Key Deadlines & Enforcement
EXISTING BUSINESSES
Formed before January 1, 2024 must file an initial BOI report no later than January 1, 2025.
NEW BUSINESSES
Formed on or after January 1, 2024 must file an initial BOI report within 90 days after formation.
Why FinCEN Report?
Why FinCEN Report?
What You Will Need to File
What You Will Need to File
Trusted by Business Owners Like You
“I was dreading the CTA filing process, but FinCEN Report made it surprisingly easy. Their platform is intuitive, and I felt confident that my data was secure throughout the process.”
“As someone who values privacy, I was concerned about reporting beneficial ownership information. FinCEN Report’s security measures put my mind at ease, and their expert support answered all my questions.”
