Expert BOI Filing

The Corprate Transparency Act of 2022 mandates the reporting of all Benificial Ownership Information (BOI) for non exempt businesses in the United States.

Most of the time when Congress passes something with regard to business, small businesses are excluded or exempt. The Corporate Transparency Act is the opposite. Large businesses are exempt and it is focused on small business reporting.

If you have a business, this information is for you and it is VERY important.

Please use the below quiz to see if you are exempt from this filing requirement. Below we also have some definitions and Frequently Asked Questions to help you understand what this is and what it is not.


If you know you need to file we have three options available for you

Update Package

$99

Existing BOI Clients Only

  • One Time Update of existing BOI filing all updates will be $99 no matter when we file them
Purchase

Gold Package

$299

Inital Reporting Only

  • Compliance Determination
  • Initial BOI Reporting
  • Online Account Access
  • Compliance Updates
  • Proof of Compliance
  • Email or Chat Support
  • Business DBA lookup and verification
Purchase

Lifetime Package

$799

Inital Reporting and unlimited updates

  • Compliance Determination
  • Initial BOI Reporting
  • Online Account Access
  • Compliance Updates
  • Proof of Compliance
  • Email, Phone or Chat Support
  • Business DBA lookup and verification
  • Free Unlimited BOI reporting updates as long as you have your EIN.
Purchase

Exemption Letter

$$149

Inital Reporting and unlimited updates

  • Compliance Determination
  • Online account access
  • Letter stating exemption
  • Email or chat support
Purchase

Definitions related to the “New” filing requirement.

BOI = Beneficial Ownership Information. This includes the Name, Address, Phone Number, Email, Social Security Number, Birthday, and a few other details of the owner of a business.

CTA = Corporate Transparency Act. The act that was passed in 2021 that requires businesses to report their ownership information to FINCEN.

FINCEN = Financial Crimes Enforcement Network. They are the ones that suspicious bank transactions are reported to. They primarily look for money laundering, terrorist money, and a few other things.

Reporting Company: A business that is required to report its ownership information to FINCEN.

Exempt Entity: A business that is not required to file ownership information with FINCEN.

Business Entity: A corporation, association, partnership, limited liability company, limited liability partnership or other legal entity.

FAQs

1Do I have to file?

Chances are if you are a business owner you have to file. We have a quiz that will help you determine if you need to file or not.

2When do I have to file?

If your business was established before January 1, 2024, you have until 12/31/2024 to file for the fist time. If your business was established after January 1, 2024 you have 90 days to file the information for the first time.

3What do you mean “file the information for the first time”?

This is not a one time thing. The information MUST be updated every time something changes. You have 30 days from the time of the update to file the new information with FINCEN. There is NO END to this. It will be a continuous process for you as long as you have your business.

4What if I don’t file or miss a deadline?

The penalty for any late filings is $500 per day up to $10,000 and possible jail time.

5Can I file this myself?

Yes, you can. However, we recommend using a professional. It is not as simple a process as just filing one form with FINCEN. Federal agencies DO talk to each other. You need to ensure that your federal filings with the IRS match what is filed with your state department of commerce, and that those both match what you file with FINCEN.

6Does this only apply to business owners?

No, the rule states that if an employee has more than 25% control of a business that they are required to be on the reporting companies information. This is called substantial control. So, if the employees information changes or the employee itself changes, an update must be filed within 30 days.

7I filed my taxes and all the information is correct, is that enough?

NO. This is not the same as a tax filing. It is different and must be monitored as long as you are in business. It is different from both your federal and state tax filings. Changing the information with the state or federal government DOES NOT count as updating your BOI information.

8What % of ownership makes me have to be included in the filing?

The rule is 25%. If you own more than 25% of the company, or if you control more than 25% of the company, you MUST be included on the initial filing and all subsequent updates.

Expert BOI Filing

The Corprate Transparency Act of 2022 mandates the reporting of all Benificial Ownership Information (BOI) for non exempt businesses in the United States.

We can help you determine if you need to file by filling the form
If you know you need to file we have three options available for you

Update Package

$99

Existing BOI Clients Only

  • One Time Update of existing BOI filing within the same calendar year
Purchase

Gold Package

$199

Inital Reporting Only

  • Compliance Determination
  • Initial BOI Reporting
  • Online Account Access
  • Compliance Updates
  • Proof of Compliance
  • Email, Phone or Chat Support
  • Business DBA lookup and verification
Purchase

Premium Package

$297

Inital Reporting and unlimited updates

  • Compliance Determination
  • Initial BOI Reporting
  • Online Account Access
  • Compliance Updates
  • Proof of Compliance
  • Email, Phone or Chat Support
  • Business DBA lookup and verification
  • Free Unlimited BOI reporting updates through 12/31/24
Purchase