BOI Reporting Solutions for Every Business: How to Stay Compliant with the Corporate Transparency Act

The Corporate Transparency Act (CTA) introduces a significant new requirement for Beneficial Ownership Information (BOI) reporting that will impact business owners, CPAs, lawyers, and investors across the U.S. This new federal regulation mandates that millions of businesses must disclose information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN). 

What is BOI Reporting and Who Is Affected? 

BOI reporting requires businesses to disclose sensitive information about their beneficial owners, including: 

• Tax ID numbers (TINs) or Employer Identification Numbers (EINs) 

• Images of government-issued identification (e.g., driver’s license, passport) 

• Residential address 

• Date of Birth (DOB) 

For some companies, the ownership structure is simple, but for others, it can be complex, involving multiple layers of ownership and controlling interests. The process of gathering this information can be time-consuming, especially for entities with many beneficial owners. 

As the CTA’s January 1, 2025 deadline approaches, over 100 million businesses will need to comply with these BOI reporting requirements, submitting this data securely to FinCEN. It’s crucial to ensure privacy and security when handling such sensitive information. 

FileForms: The Best Solution for BOI Reporting Compliance 

Whether you’re a small business or a professional service provider supporting multiple clients, FileForms offers the ideal BOI reporting solution tailored to your needs. 

BOI Reporting for Small Businesses

• Quick & Easy Compliance: With our intuitive quiz and reporting solution, you can file your BOI report in as little as 10 minutes with our intuitive quiz and reporting solution. 

• Stay Compliant: Meet the CTA requirements without the hassle. 

BOI Reporting for Accountants, Law Firms, and Other Professionals

• Full-Service Filings: Manage BOI filings on behalf of your clients or guide them through the process. 

• White-Labeled Experience: Offer a fully branded BOI reporting experience with custom pricing and your own unique URL. 

BOI Reporting Referral Program

• Partner with Industry Experts: Refer your clients to FileForms and earn a share of the revenue. 

• Drive Traffic: Use your unique referral link to maximize your earnings. 

Embedded BOI Reporting Solution

• Integrate with Your User Experience: Embed our BOI reporting service within your existing platform to maximize conversions and streamline the reporting process. 

Why Choose FileForms for BOI Reporting? 

• Direct Integration with FinCEN: FileForms provides instant and secure submissions, directly integrated with FinCEN for seamless BOI reporting. 

• Save Time & Prevent Fines: Our solution helps you avoid time-consuming manual entries and potential non-compliance penalties. 

• Secure & Confidential: We prioritize data security, ensuring all sensitive information is protected during the reporting process. 

• Confirmation & Peace of Mind: Receive a confirmation number and transcript to verify your BOI report submission is complete. 

Don’t Miss the BOI Reporting Deadline: Act Now! 

As the January 1, 2025 deadline for BOI reporting approaches, it’s crucial to choose a reliable solution. FileForms helps businesses stay compliant, avoid fines, and save time. Whether you’re filing for your business or assisting your clients, we have a solution tailored to your needs. 

Join the thousands of businesses that have chosen FileForms as their trusted partner for BOI reporting compliance. Visit www.fileforms.com today to learn more and get started before the deadline.