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Beneficial Ownership Information Report – Pro Plan

$299.00

What is the Pro Plan?

The Pro Plan is designed for contractors who need comprehensive support throughout the entire BOI reporting process. This plan is perfect for those who prefer direct assistance to ensure their reports are accurate and submitted correctly.

How the Plus Plan Works

Schedule a Consultation

After purchasing the Pro Plan, you’ll receive an email with a link to schedule your one-on-one Zoom consultation with our experts. We’ll also provide you with a list of documents and information to have ready for the meeting.

Gather Your Information

During the Zoom meeting, we will go over all the necessary information for your BOI report, ensuring everything is accurate and complete.

Review and Finalize

We will review the gathered information with you in real-time during the Zoom session, making any necessary adjustments and finalizing your report for submission.

Submit and Confirm

Once everything is confirmed during the meeting, we’ll handle the submission process for you, ensuring your BOI report is filed accurately and on time with FinCEN.

Why Choose the Pro Plan?

The Pro Plan is designed for contractors who prefer hands-on guidance throughout the entire BOI reporting process. With personalized support, this plan is perfect for those who want the confidence of knowing that every detail is handled by professionals, ensuring their report is filed accurately and on time.

Personalized Consultation

Benefit from a one-on-one Zoom meeting where we help you gather all necessary information and ensure you have everything you need to file your BOI report.

Complete Submission Management

We handle every aspect of the report submission process, from information gathering to the final filing, so you can focus on your work without worry.

Accurate and Timely Reporting

Our thorough review process ensures your BOI report is accurate and filed within all required deadlines, giving you peace of mind that you’re fully compliant with FinCEN's guidelines.

Comprehensive Support for Your BOI Reporting Needs

The Pro Plan goes beyond simple filing. It’s designed for those who want expert guidance every step of the way, ensuring that nothing is overlooked.

Tailored Documentation Guidance

We provide you with a clear, concise list of all the documentation you need to prepare for your BOI report, tailored specifically to your business’s structure.

Hands-On Assistance

During a personalized Zoom meeting, our experts will work with you to gather all the necessary information and address any concerns you may have, ensuring you’re fully prepared.

Complete Filing Confidence

With our thorough review process and direct involvement in filing, you can rest assured that your BOI report will be accurate and compliant, giving you peace of mind.

Debunking BOI Reporting Myths​

Don’t let common misconceptions put your business at risk. Understanding the true requirements and responsibilities of BOI reporting can help you avoid unnecessary penalties and ensure full compliance.

“It’s a One-Time Task”

Many believe BOI reporting is a one-and-done process, but any changes to ownership must be reported within 30 days.

“Filing Late Isn’t a Big Deal”

Late filings can lead to severe penalties, including daily fines that accumulate quickly.

“Small Businesses Are Exempt”

All businesses meeting the criteria, regardless of size, must comply with BOI reporting regulations.

Common Questions About the Corporate Transparency Act

Understanding the Corporate Transparency Act is essential for contractors. Below, we address some frequently asked questions to help you navigate your reporting obligations with confidence.
  1. What is the Corporate Transparency Act?
    • The Corporate Transparency Act requires businesses to report their beneficial ownership information to FinCEN. This act is part of broader efforts to combat financial crimes and increase transparency in business operations.
  2. Why is BOI reporting important?
    • BOI reporting helps prevent illegal activities like money laundering and fraud by ensuring that the individuals behind business entities are known and traceable.
  3. Who is required to file a BOI report?
    • Most businesses, including small contractors, LLCs, and corporations, are required to file a BOI report if they meet certain ownership or control criteria.
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What are the Penalties for Not Filing the BOI Report?
Understanding the consequences of not complying with the Corporate Transparency Act is crucial for any business. The penalties for failing to file a Beneficial Ownership Information Report are severe and can significantly impact your business operations.

As specified in the Corporate Transparency Act, a person who willfully violates the BOI reporting requirements may be subject to civil penalties of up to $500 each day the violation continues. However, this civil penalty amount is adjusted annually for inflation. As of the time of publication of this FAQ, this amount is $591.

For businesses already registered before January 1, 2024, there is a grace period extending up to January 1, 2025, to file their reports. New businesses, or those established after January 1, 2024, must submit their documentation within 90 days from their registration date. It’s crucial to note that penalties can apply not just for failing to file, but also for submitting incorrect or incomplete information. Ensuring the accuracy and completeness of the submitted report is as important as the submission itself.
The process of complying with the Corporate Transparency Act can be daunting without expert assistance. American Contractors Organization provides comprehensive support to ensure that your business meets all reporting requirements accurately and on time. Our services are designed to guide you through each step of the compliance process, helping you avoid the steep penalties associated with these federal mandates.

Frequently Asked Questions

The BOI Report is a mandatory filing under the Corporate Transparency Act, requiring companies to disclose information about individuals who own or control the company.

Most U.S.-registered companies, including corporations, LLCs, and partnerships, must file a BOI Report unless they qualify for specific exemptions.

The report must include the names, addresses, dates of birth, and identification numbers of the company’s beneficial owners.
Businesses registered before January 1, 2024, must file by January 1, 2025. Companies registered after January 1, 2024, have 90 days from their registration date.
Failing to file can result in civil penalties of up to $591 per day and criminal penalties, including fines up to $10,000 and imprisonment.
A beneficial owner is anyone who owns 25% or more of a company or exercises significant control over its operations.

Yes, any changes in ownership or control must be reported within 30 days to avoid penalties.

Yes, certain entities like publicly traded companies, banks, and large operating companies may be exempt.
The BOI Report only needs to be filed once unless there are changes to the beneficial ownership, which must then be reported within 30 days.
Yes, if more than one individual meets the criteria, all must be reported as beneficial owners.
The Act aims to increase transparency in business ownership to combat financial crimes like money laundering and fraud.
Filing the BOI Report is a legal requirement, and failure to comply can result in severe penalties, affecting your business’s operations and reputation.
American Contractors Organization offers comprehensive support to ensure your report is filed accurately and on time.
Navigating the BOI reporting process can be complex. Our team at American Contractors Organization will handle the submission for you, ensuring that everything is completed accurately and in full compliance with FinCEN’s requirements.
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