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Our Services
Navigating FinCEN's new Beneficial Ownership Information Reporting can be daunting. Our tailored services and expertise ensure precision and compliance, allowing you to focus on what truly matters - growing your business.
Say goodbye to the headache of government forms. Enjoy a streamlined, secure process for ensuring your business's compliance now and in future.
What is a BOI Report?
Effective January 1, 2024, the Corporate Transparency Act (CTA) has introduced significant regulatory changes for both domestic and foreign entities operating within the United States. Under the CTA, all businesses established in or registered with any of the 50 states must comply with the new Beneficial Ownership Information (BOI) reporting standards mandated by the Financial Crimes Enforcement Network (FinCEN).
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This legislation emphasizes transparency and regulatory compliance, requiring business owners to thoroughly understand and adhere to these updated requirements. FINCEN Filing Solutions, LLC, was created to help businesses navigate this new process. In just a few minutes, you’ll know if you’re required to file a BOI report, what information is needed for accurate filing, and be part of our network for updates on any changes to the reporting requirements, ensuring easy future updates.
What is the Corporate Transparency Act?
Congress passed the Corporate Transparency Act (CTA) to combat money laundering and financial misuse. The goal of the CTA is to reduce illicit activities such as terrorism financing and money laundering. Businesses established before 2024 that meet certain criteria now fall under the category of reporting companies. These businesses are required to file Beneficial Ownership Information (BOI) Reports (BOIR) by January 1, 2025.
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Companies established on or after January 1, 2024, that meet the criteria have 90 days from the date of formation and registration with the Secretary of State to file their BOIR.
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