What is Beneficial Ownership Information (BOI)?

Beneficial Ownership Information (BOI) refers to the details about individuals who ultimately own or control a company. This information is required to ensure transparency and compliance with regulatory standards in the U.S. Filing BOI helps maintain a company’s legal standing and provides accountability for its ownership structure.

Large Company Exemption

Certain entities are exempt from filing BOI if they meet specific criteria. To qualify, a company must:

  1. Have more than 20 full-time employees in the U.S.
  2. File a federal income tax return showing more than $5 million in gross receipts or sales in the previous year.
  3. Operate from a physical office in the U.S.

See if you qualify!

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Governing Entity and Importance

The Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury, oversees BOI regulations. BOI disclosure is increasingly important in efforts to combat financial crimes like money laundering and tax evasion. Requiring businesses to provide information about their beneficial owners enhances transparency, ensures accountability, and protects the integrity of the financial system.

Penalties for Non-Compliance

Failing to comply with BOI filing requirements can result in substantial penalties, including fines of up to $500 per day of violation, legal consequences, and the potential loss of business licenses. Non-compliance can also harm a company’s reputation and limit future business opportunities. It is crucial to stay compliant to avoid these risks and maintain trust with stakeholders.

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    BOI Annual Filing

    Our Annual Filing Service simplifies document management and ensures compliance with regulatory requirements for businesses of all sizes. This automatically renewable service takes the worry out of compliance, as our expert team handles everything from document preparation to timely submissions. With personalized consultations, automated reminders, and robust security measures, we tailor our service to meet your specific needs.

    $89.00 / year

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  • BOI Annual Filing (5 Years)

    Choose our BOI Annual Filing Service with a 5-Year Contract for just $350—offering significant savings over the annualfee of $89.00. This automatically renewable subscription ensures compliance with BOI regulations without the hassle. Our expert team will manage all your filings, providing tailored support and automated reminders to keep your business on track. Enjoy peace of mind and financial predictability while focusing on growth. Invest in your future with our BOI Annual Filing Service today!

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  • BOI Lifetime Filing

    Secure your compliance with our Lifetime BOI Filing Service for a one-time payment of $500. This all-inclusive service provides lifetime access to expert management of your BOI filings, ensuring stress-free compliance without recurring fees. Enjoy personalized support, automated reminders, and robust security for your sensitive information. Invest in your business's future and simplify your filing process with our Lifetime BOI Filing Service today!

    $500.00

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