Beneficial Ownership Information Filing Service

The BOI Filing Service is a requirement of the Corporate Transparency Act of 2021, which requires certain companies to report information about their beneficial owners. 

Companies that are created or registered to do business in the U.S. are considered reporting companies and must file a BOI report. This includes corporations and limited liability companies.

• A reporting company created or registered to do business before January 1, 2024, will have until January 1, 2025, to file its initial BOI report.
• A reporting company created or registered in 2024 will have 90 calendar days to file after receiving actual or public notice that its creation or registration is effective.
• A reporting company created or registered on or after January 1, 2025, will have 30 calendar days to file after receiving actual or public notice that its creation or registration is effective.

• Civil penalties: Up to $591 per day for each violation. This penalty accumulates quickly. 
• Criminal penalties: Up to two years in prison and a fine of up to $10,000 for willful violations. 
• Late filing: A fine of up to $591 per day for each day a report is late.