BOI Compliance for Business Consultants
Simplify BOI Reporting for Your Clients.
Who Needs to File BOI Report and What Information is Needed?
Any entity i.e. a Corporation, Limited Liability Company (LLC) or Partnership that is not exempt must file a Beneficial Ownership Information (BOI) report with FinCEN. For detailed information about this, you can visit our Complete Guide on BOIR.
Empower Your Clients with Efficient BOI Compliance!
The Corporate Transparency Act (CTA) requires most U.S. businesses to report Beneficial Ownership Information (BOI) to FinCEN. As a business consultant, helping your clients navigate this BOI reporting process can be time-consuming and complex. However, we offer a comprehensive solution designed to streamline your workflow and empower your clients with efficient compliance.
Enhance Your Service Offering with Our Support
Our platform provides a robust suite of tools and resources to simplify BOI reporting for your clients.
Convenient Dashboard
Our user-friendly dashboard allows you to upload, organize and manage all necessary documents, ensuring that everything is in one place for easy access and operations.
Multiple Filings
Handle filings for numerous clients easily and efficiently thanks to our platform’s capability to manage multiple submissions, saving you time and reducing administrative burden.
Security
We utilize cutting-edge security systems to protect your sensitive information, ensuring that all information is remains protected and confidential.
Support
Our dedicated team is here to provide continuous assistance, guiding you through the process to achieve full FinCEN compliance.
Gain a Competitive Edge with Expertise and Efficiency
By partnering with us, you can provide your clients with an elevated level of service that goes beyond standard expectations. We provide:
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Mitigate Compliance Risks
Protect your clients avoid potential penalties for late or inaccurate BOI Reporting.
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Enhanced Client Satisfaction & Retention
Provide your clients with comprehensive BOI reporting solutions that saves them time and reduces stress.
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Optimized Workflow
Streamline your BOI reporting processes with our efficient platform, allowing you to focus on higher-value client services.
Choose a Plan
That Works for You
We offer a range of packages catering to a wide range of needs. You can select one that is tailored to you.
Consultant Platform
Manage your clients’ filings through our intuitive and simplified BOI Reporting platform.
- Easier Filing
- Guidance
- Error Detection
Your subscription comes with:
Frequently Asked Questions
What is a BOI Report, and who needs to file it?
BOI Report is a disclosure document that every reporting company that is not exempt must file. It requires the reporting company to provide Information for each of its Beneficial Owners and company applicants.
What information must be included in the BOI Report?
The BOI Report must disclose information for each Beneficial Owner. Entities formed or registered to do business on or after January 1, 2024, must also provide the same information for the Company Applicant.
Who is considered a "beneficial owner"?
A “beneficial owner” is an individual who meets either of the following tests:
- Ownership Test: Directly or indirectly owns or controls 25% or more of the ownership interests of the company.
- Control Test: Exercises substantial control over the company through other means, such as by holding a significant influence over important decisions.
Who is a Company Applicant for a Reporting Company?
For reporting companies created or registered on or after January 1, 2024, the Company Applicant is:
- The individual who directly files the document that creates or registers the company, and
- If more than one person is involved, the individual is primarily responsible for directing or controlling the filing.
What are the deadlines for filing an initial BOI report with FinCEN based on when a company was created or registered?
- For Companies Existing Before January 1, 2024: The initial BOI report must be filed by January 1, 2025.
- For Companies Created or Registered Between January 1, 2024, and January 1, 2025: The initial BOI report must be filed within 90 calendar days from receiving actual notice of creation or registration, or from the date public notice is provided by a secretary of state or similar office, whichever comes first.
- For Companies Created or Registered on or After January 1, 2025: The BOI report must be filed within 30 calendar days of receiving actual or public notice that the company’s creation or registration is effective.
- For Companies No Longer Qualifying for an Exemption: The BOI report must be filed within 30 calendar days of losing the exemption status.
Is there an annual renewal requirement for the BOI Report?
No, there is no annual renewal requirement. However, the reporting company must amend its BOI Report within 30 days if there is any change in the information of any Beneficial Owner.
What are the penalties for failing to file a BOI Report on time?
Failing to file a BOI Report on time may result in a fine of $500 per day. Willful failure to file or filing false information may be considered a felony.
