ULTIMATE GUIDE TO BENEFICIAL OWNERSHIP INFORMATION (BOI) REPORTING

So you heard about the new requirement mandated by the Corporate Transparency Act (CTA)? It calls for Beneficial Ownership Information (BOI) reporting through the FinCEN website.

Companies formed prior to 2024 have until December 31st to complete this filing. Companies formed in 2024 have 90 days, and after 2024, you'll only have 30 days to complete the filing.

Penalties for not filing include $500 a day up to $10,000, and up to 2 years in jail. So, this isn't something you want to ignore!

This guide will walk you through the steps for filing the Initial Report, complete with screenshots and step-by-step instructions.