$125.00
Receive an email with instructions on how we’ll gather your information.
After gathering the necessary details from you, we conduct an audit on the information to ensure accuracy before preparing your report.
You’ll receive the audited report to carefully review the details. This is your chance to ensure all information is accurate and make any necessary corrections.
Once you’ve reviewed and approved the report, we handle the final submission to FinCEN, ensuring everything is completed accurately and on time.
Our streamlined approach ensures that all required information is gathered, audited, and submitted without unnecessary delays, saving you valuable time.
By handling the details for you, we help avoid costly errors that could result in fines, ensuring your report is filed correctly the first time.
With us managing the BOI filing process, you can concentrate on what matters most—running your business—without the stress of navigating complex compliance requirements.
Many believe BOI reporting is a one-and-done process, but any changes to ownership must be reported within 30 days.
Late filings can lead to severe penalties, including daily fines that accumulate quickly.
All businesses meeting the criteria, regardless of size, must comply with BOI reporting regulations.
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.
