The Corporate Transparency Act is a federal law that requires certain companies to report information about the company and their beneficial owners to help combat money laundering and improve transparency.

A Beneficial Owner Information (BOI) Report is a document that lists the individuals who own at least 25% or substantially control a reporting company as well as other required information about them, including their names, residential addresses, dates of birth, and acceptable identification numbers.

You may need to file if your company is considered a reporting company under the Act and no exemption applies. You should consult with a licensed attorney for specific guidance on your situation if unsure.

Yes, there are deadlines for filing a BOI Report. A reporting company created or registered to do business before January 1, 2024, has until January 1, 2025, to file its initial BOI report.  A reporting company created or registered in 2024 has 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, has 30 calendar days to file after receiving actual or public notice that its creation or registration is effective. Please consult with a licensed attorney for specific guidance on your situation if unsure.

You must provide each reporting entity’s legal name, trade names, address, jurisdiction, and acceptable identification number. You also need to provide required information about the individuals who own at least 25% or substantially control a reporting company, including their names, residential addresses, dates of birth, and acceptable identification numbers. Consult with a licensed attorney for specific guidance on your situation if unsure.

Some companies may be exempt based on certain criteria, such as size or type of business. You should consult with a licensed attorney for specific guidance on your situation if unsure.

Using a service like the Business Filers can help streamline the process, securely store information for future amendments, and assist with ongoing compliance monitoring obligations.

Yes, our service allows you to manage multiple filings under a single login for your convenience.

You are charged a flat $50 per filing or amendment, less any applicable discounts or promotions. Our dashboard for professionals, coming soon, charged as a monthly subscription.