File BOI Report Now

BENEFICIAL OWNERSHIP INFORMATION REPORT (BOIR)

Beneficial Ownership Information Reporting (BOIR) is a pivotal regulation enforced by the Financial Crimes Enforcement Network (FinCEN), a key branch of the U.S. Department of the Treasury. Designed to increase transparency within the financial sector, BOIR mandates the identification of beneficial owners of various legal entities.

Key Points:

  • Targeted Entities: Applies to corporations, limited liability companies (LLCs), and similar legal structures.
  • Purpose: Enhances the transparency of financial transactions by revealing the individuals who ultimately own or control these entities.
  • Impact: Aims to combat illicit activities such as money laundering and financial fraud by making ownership information accessible and transparent.

Understanding and complying with BOIR is crucial for maintaining the legitimacy and integrity of your business operations in the financial landscape.

Why Compliance Matters:

1. Financial Integrity: BOI Reporting is essential for maintaining the integrity of the financial system. By disclosing the identities behind business entities, it plays a crucial role in ensuring transparency and accountability.

2. Prevention of Illicit Activities: With detailed ownership information readily available, BOI Reporting helps deter and detect financial crimes such as money laundering and fraud. This openness helps to safeguard the entire financial ecosystem against misuse.

3. Legal Compliance: Adhering to BOI Reporting requirements is not just beneficial; it’s a legal necessity. Compliance ensures that your business stays on the right side of U.S. financial regulations, avoiding potential legal penalties.

4. Trust and Credibility: Transparent ownership contributes to building trust with banks, investors, and partners. Compliance with BOI Reporting demonstrates your commitment to legitimate and ethical business practices.

Embracing these reporting obligations is more than a regulatory formality—it’s a significant step toward establishing a more transparent, secure, and trustworthy business environment.

Eligibility and Obligations:

Understanding your obligations under the Beneficial Ownership Information Reporting requirements is crucial for compliance. Here’s a breakdown of entities required to submit BOI Reports:

  • Corporations: Both publicly traded and privately held corporations are subject to BOI reporting. This includes entities across diverse sectors such as technology, finance, and manufacturing.
  • Limited Liability Companies (LLCs): Whether single-member or multi-member, LLCs are required to report beneficial ownership information.
  • Partnerships: All forms of partnerships including general partnerships, limited partnerships, and limited liability partnerships (LLPs) fall under these reporting requirements.
  • Sole Proprietorships: In some cases, sole proprietors may also need to comply, especially if their business activities meet specific criteria outlined by FinCEN.

Clarifying the Scope: It’s important to note that the requirement extends beyond just these entity types. Any business that meets the criteria as outlined by the Financial Crimes Enforcement Network must comply. This includes performing due diligence to report all relevant beneficial owner information accurately.

Stay Informed: The specifics of who must file can vary, so staying informed about FinCEN’s latest regulations and guidelines is essential for maintaining compliance.

Streamlining Your Compliance with U.S Business Compliance Commission:

Navigating BOI Reporting requirements can be complex, but U.S Business Compliance Commission makes it simpler and more efficient for your business:

  • One-Page Submission: Forget about the paperwork maze. Our streamlined one-page submission form collects all necessary information, simplifying the process.
  • Expedited Services: Need to meet a tight deadline? We offer 48-hour delivery and same-day processing options to ensure you meet filing deadlines without stress.
  • User-Friendly Interface: Our online platform is designed for ease of use, guiding you through each step of the filing process with clear instructions and support.

Efficiency at Its Best: By reducing complexity and enhancing convenience, we help you focus more on running your business and less on bureaucratic red tape. Compliance has never been easier!

Easy-to-Follow Steps for BOI Reporting Compliance:

Ensure your business meets its BOI Reporting obligations by following these straightforward steps:

  1. Determine Eligibility: Review whether your business structure and activities require you to file a BOI Report. Refer to the eligibility guidelines provided in the previous sections.
  2. Gather Required Information: Collect all necessary details about the beneficial owners of your entity. This includes names, addresses, Social Security Numbers (SSNs), and ownership percentages.
  3. Complete the Submission Form: Use our simplified one-page submission form to provide all the required information in a structured manner.
  4. Submit Before the Deadline: Adhere to the specified deadlines. For entities registered before January 1, 2024, file before January 1, 2025. For those established after January 1, 2024, submit within 90 days of formation.
  5. Keep Records: Maintain a copy of your submission and any corresponding documentation for your records and potential future audits.

Support When You Need It: Should you have any questions or need assistance during the process, our expert team is ready to help. Contact us for personalized support to navigate the compliance landscape effectively.

Start the process by filling out the form below

BOI Report

Beneficial Ownership Information


BOI Report

$75.00

Are you a registered Corporation or LLC – then you must complete this mandatory filing –

BENEFICIAL OWNERSHIP INFORMATION REPORT (BOIR) Learn more HERE.

 

Step 1. Fill Out the BOI Intake Form. If you are done with Step 1, proceed to Step 2.

Step 2. Add This Product to Cart & Proceed to Checkout to Pay.

Step 3. Allow 24-48 hours for us to complete your report. You will receive an email confirmation with the report attached.

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Avoid hefty $500/day fines and file your BOI Report Now

Under the new rule, all business owners who have their corporations and LLCs registered to do business – will have a specific timeframe to report their beneficial ownership. Below are the time frames listed on the FinCen website.

  • 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.

This new law created a new Beneficial Ownership Information (BOI) reporting requirement as part of the U.S. government’s efforts to increase transparency and make it harder for bad actors to hide or benefit from illicit activities through shell companies or to conceal ownership structures.

 

On your BOI Intake Form, be ready to provide the following :

  1.     Company Legal Name and DBAs
  2.     EIN
  3.     Country of Incorporation
  4.     State of Business Formation
  5.     LLC or Corp Address
  6.     Members/Owners Legal Names
  7.     Members/Owners Dates of Birth
  8.     Members/Owners Residential Addresses
  9.     Government Issued ID
  10.     BOI Report Submitter Details

GO TO BOI Intake Form TO START THE PROCESS NOW!

 

Please, do not hesitate to reach out with any questions by email: info@smarttrucking.us or by phone: 331-551-8787.

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