WE ARE BOI EXPERTS
In this section, you'll find all the essential information you need about the BOI Report.
Our clear value proposition
1. Together, we go through the steps needed to fulfill this requirement.
2. We promptly submit your BOI, ensuring there are no delays that timelines are met.
BOI deadlines depend on your company's incorporation date
Dates and requirements
1. Before 01/01/24 - Must be filed on 01/01/25
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2. From 01/01/24 - Must be file 90 days after incorporation
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3. From 01/01/25 - Must be file 30 days after incorporation
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7 key elements you need
to know about the BOI
1
Most companies are required to file a BOIR
2
Although not a direct IRS requirement, it is mandated by FINCEN*, a bureau of the United States Department of the Treasury, tasked with preventing and combating financial crimes such as money laundering and terrorism financing within the United States. *Financial Crimes Enforcement Network
3
A beneficiary is considered anyone who owns more than 25% of the, directly or indirectly
4
A beneficiary also includes individuals who make relevant decisions over the management of the company, even if they do not hold any company shares
5
If there are any changes to the current beneficiaries, a new BOI must be filed
6
Nonprofit companies must file a BOI unless they have requested an exemption under IRS 501(c).
7
Fines start from 500 USD per day
