Effective January 1, 2024, all US and foreign companies that were formed in, or have registered with any of the 50 US states, must comply with new Beneficial Ownership Information (BOI) reporting requirements with the Financial Crimes Enforcement Network (FinCEN), as prescribed by the Corporate Transparency Act (CTA).
The CTA was inconspicuously passed within the Anti-Money Laundering Act of 2020 to “better enable critical national security, intelligence, and law enforcement efforts to counter money laundering, the financing of terrorism, and other illicit activity.”
The Beneficial Ownership Information report is required to be filed by reporting companies entities starting January 1, 2024.
BOI Reports include information about the reporting company, the reporting company’s beneficial owners, and “company applicants” who assisted with the filings to create the entity.
We are a trusted partner for filing forms and reports for clients who are managing or own entities, such as:
Have some questions before you get started?
Beneficial ownership information refers to identifying information about the individuals who directly or indirectly own or control a company.
No. No one needs to report beneficial ownership information to FinCEN until January 1, 2024. FinCEN is currently not accepting any beneficial ownership information reports.
FinCEN will begin accepting beneficial ownership information reports on January 1, 2024. Beneficial ownership information reports will not be accepted before then.
FileForms handles it. Our team will reach out to you before the filing due date to confirm there has been no change in information and confirm we are able to proceed with filing the information the client disclosed.
FileForms has been a lifesaver for our organization regarding BOI report filing. Many of our clients asked us about this, and honestly, we did not know much about it at first. FileForms’ simplicity and ease of use are unmatched. Even our other team members that held their own LLCs were able to file effortlessly. The platform’s step-by-step guidance made it easy to ensure compliance with FinCEN’s requirements. The time saved by using FileForms is remarkable, allowing us to focus on other critical aspects of business for our clients. If you’re looking for a reliable solution for BOI report filing, FileForms is the answer.
FileForms has been a game-changer for our business! They were able to help us file our BOI reports. The website is incredibly easy to use, and I was able to navigate through the process seamlessly. It saved me so much time compared to if I tried to file on my own. Thanks to FileForms, we were able to meet the compliance and requirements set by FinCEN effortlessly. I highly recommend FileForms to anyone looking for a streamlined and efficient solution for filing your BOI reports.
I cannot express how grateful I am for discovering FileForms. As a small business owner, the process of filing my BOI reports was completely new, and honestly kind of scary. However, FileForms simplified everything for me. The website’s user-friendly interface made it a breeze to complete the necessary forms, and the platform guided me through each step. Thanks to FileForms, I saved hours of tedious work and ensured that my reports were compliant with FinCEN requirements. It’s a must-have tool for every business owner!
FileForms deserves all the praise for revolutionizing the way our firm files not only our client’s BOI reports, but other filing requirements that are challenging to keep track of on a large scale The website’s intuitive design made it incredibly easy to navigate, even for someone like me who is not tech-savvy. I was pleasantly surprised by how quickly I could complete and submit my client’s reports. Not only did it save me a significant amount of time, but it also ensured that I met the complex requirements imposed by FinCEN. FileForms is the ultimate solution for hassle-free filing!