Urgent: File before your federal deadline so you can avoid a penalty of $500/day.

Beneficial Ownership Information Report (BOIR)

What is the Beneficial Ownership Information Report (BOIR)? The Beneficial Ownership Information Report (BOIR) is a new requirement under the Corporate Transparency Act (CTA) for U.S. businesses. It's designed to increase transparency in business ownership and help combat financial crimes.

Key Points About the BOIR:

  • Required by the Financial Crimes Enforcement Network (FinCEN)
  • Applies to most U.S. businesses
  • Deadline for filing is January 1st, 2025
  • Failure to file can result in penalties of up to $500 per day

What Information is Reported? Businesses must report details about their beneficial owners, including:

  • Full legal name
  • Date of birth
  • Current residential or business address
  • Unique identifying number (e.g., passport or driver's license number)

Why is the BOIR Important? The BOIR helps:

  • Prevent money laundering and other financial crimes
  • Improve corporate accountability
  • Assist law enforcement in investigations
Need to File Your BOIR? We can help you comply with the CTA requirements and file your BOIR accurately and on time.