Boir File Service

Beneficial Ownership Information Report

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.

Useful Information

Learn more about the Beneficial Ownership Information Report (BOIR) and how it can help your business stay compliant with the law.

Who Needs To File
A BOI Report?

The BOIR filing requirement is mandatory for Corporations, Limited Liability Companies (LLCs), and other similar entities created or registered in the United States before January 1st, 2024. If your business was established after January 1st, 2024, you must file within 30 days of registration

What Are The
BOIR Penalties?

Civil Penalties: Up to $500 per day for each day the report is late or incorrect. These daily fines can add up quickly, so it is important to file accurately and on time.

Criminal Penalties: Willful failure to file the BOIR, or providing false or fraudulent information, can lead to criminal penalties, which are more severe. These include:

* Fines: Up to $10,000

* Imprisonment: Up to two years for willfully providing false information or deliberately failing to submit the BOIR.

How Do I File My
BOI Report?

Make sure to add all beneficial owners, including identification documents.

Filing is easy and hassle free.

Click the link below

What Is
BOIR?

BOIR, or Beneficial Ownership Information Report, is a mandatory filing under the Corporate Transparency Act (CTA). The purpose of BOIR is to increase transparency in business ownership by requiring certain U.S. entities to report detailed information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN). This initiative helps the government combat illicit activities such as money laundering, tax evasion, and terrorism financing.

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