boI advisors
FinCEN Compliance Made Simple
What is FinCEN BOI Reporting?
FinCEN BOI reporting is a new, mandatory NEW business filing requiring most U.S. companies to submit their Beneficial Ownership Information to the Financial Crimes Enforcement Network (FinCEN) in 2024. This requirement comes from a new law called the Corporate Transparency Act that was passed to enhance the government’s efforts to combat money laundering, terrorist financing, and other financial crimes. This reporting requirement started in 2024 and it is enforced by potential penalties including fines of $500 per day up to $10,000. Criminal penalties include up to two years’ imprisonment.
Who is Affected?
Entities required to report under this regulation include corporations, limited liability companies, S-corps, LLPs, Home Owners Associations and other entities created by filing a document with any U.S. State.
The majority of for-profit business entities will be required to file this report unless they qualify for an exemption. You can easily find out if you qualify for an exemption on this page.
What are the Due Dates?
Entities created before January 1, 2024 will have until the December 31, 2024 to submit the report.
Entities created on or after January 1, 2024 will have 90 days from creation or registration to submit the report.
Entities created on or after January 1, 2025 will have 30 days from creation or registration to submit an initial report.
How Can I Get Help with Filing?
BOI Advisors make the process of reporting easy and straightforward. We have established a valuable partnership with FincenFetch to assist you in filing your FinCEN report. Our reporting service saves time and significantly eliminates potential errors utilizing the leading SOC2 certified cloud filing software, ensuring a reliable and secure experience for your reporting needs.
We Make FinCEN BOI Reporting Easy
BOI Advisors is proud to announce our strategic partnership with FincenFetch, a leading innovator in compliance solutions that has filed over 10,000 reports to date.
Follow these five easy steps to complete your filing:
1. Click on the FILE NOW button to get started
2. Create an account
3. Input your Company Information
4. Review Information & Submit
5. Receive FinCEN digital transcript compliance confirmation
Filing is priced at a flat fee of $229 per reporting company.
â—„ SOC2 certified platform
â—„ Data is encrypted and secure
â—„ Manage multiple reporting companies (unlimited) using one user account
â—„ FinCEN digital transcript confirmation
â—„ Easy Access to all your compliance filings
We’re Here to help
Have questions? Interested in working together?
Fill out the contact form and we will be in touch shortly.