The deadline to submit the Beneficial Ownership Information Report is January 1, 2025. Failure to file by this date may result in penalties of up to $591 per day.
File Beneficial Ownership Information Report Now
Before you start a new report, please make sure to have the company's EIN/TAX ID number and a copy of each Beneficial Owner's state issued ID such as a driver's license or passport. You can file the report from your cell phone, tablet, or computer. Comply on the Fly and complete your report in 5-10 minutes.
What is a Beneficial Ownership Information Report (BOIR)?
Starting January 1, 2024, owners of U.S. businesses must adhere to new regulations established by the Corporate Transparency Act (CTA). This federal legislation mandates that business entities disclose ownership information to the Financial Crimes Enforcement Network (FinCEN). If you fail to submit your BOIR by the deadline, you may incur penalties of up to $500 per day.
When is the deadline?
The deadline for submitting your BOIR is January 1, 2025. To avoid incurring penalties, ensure that you file your BOIR by this date.
Am I exempt from filing?
Certain organizations are not required to file the BOIR. These exemptions include:
Publicly traded companies
Non-profit organizations
Entities that employ over 20 individuals and have reported more than $5 million in gross receipts and sales to the IRS
Need to file your BOIR?
Filing is easy and only takes a few minutes. File today to stay compliant.
Useful Information
Learn more about the Beneficial Ownership Information Report (BOIR) and how it can help your business stay compliant with the law:
1. When is the BOIR Deadline?
The deadline to file your Beneficial Ownership Information Report (BOIR) is January 1, 2025. To avoid penalties, ensure you submit your report before this date.
2. Who Must File a BOIR?
Most U.S. businesses are required to file a BOIR. This includes corporations, limited liability companies (LLCs), and similar entities. Some organizations, however, are exempt, such as publicly traded companies, certain non-profits, and entities with over 20 employees and annual gross receipts exceeding $5 million.
3. What Penalties Apply for Late Filing?
Failure to file the BOIR by the January 1, 2025 deadline can result in penalties of up to $500 per day. Accurate and timely submission is essential to avoid these fines and maintain compliance.
4. How Do I File My BOIR?
Filing is easy! You’ll need your company’s EIN/TAX ID and a state-issued ID (such as a driver’s license or passport) for each beneficial owner. Complete the online filing process in just a few minutes using your cell phone, tablet, or computer.
BOI-Report
The Beneficial Ownership Information Report is not associated with the U.S. Government or the Financial Crimes Enforcement Network (FinCEN).
Boi-report.co is dedicated to simplifying the process for businesses to submit their bottom Beneficial Ownership Information Report. Please note, we are not connected to the U.S. Government or the Financial Crimes Enforcement Network (FinCEN).
File before your federal deadline to avoid a penalty of $591 / Day