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.

Key Points About the BOIR:

Required by the Financial Crimes Enforcement Network (FinCEN)
Applies to most U.S. businesses
Deadline for filing is January 1st, 2025
Failure to file can result in penalties of up to $592 per day

What Information is Reported?

The BOIR requires businesses to report details about their beneficial owners, including:

Full legal name
Date of birth
Current residential or business address
Unique identifying number (e.g., passport or driver's license number)

Why is the BOIR Important?

The BOIR helps:

Prevent money laundering and other financial crimes
Improve corporate accountability
Assist law enforcement in investigations

Need to file your BOIR?

Filing is easy and only takes a few minutes. File today to stay compliant.

File Your BOIR Now

Useful Information

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

When is the Beneficial Ownership Information Report Deadline?

The deadline for filing the Beneficial Ownership Information Report (BOIR) is January 1st, 2025. This deadline applies to businesses that were registered before

How do I file my BOI Report?

Filing your Beneficial Ownership Information Report (BOIR) is a crucial step to comply with the Corporate Transparency Act (CTA), which aims to increase transpa

Who Needs to File a BOI Report?

The Beneficial Ownership Information (BOI) Report is a key requirement under the Corporate Transparency Act (CTA). The report is designed to increase transparen

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 transpare

What Are The BOIR Penalties?

Failing to file the Beneficial Ownership Information Report (BOIR) or providing inaccurate information can result in severe penalties. These penalties are part

BOI Filing is a Federal Requirement

BOI Reporting is a federal requirement introduced under the Corporate Transparency Act (CTA) that mandates businesses share information to help enhance transparency and combat financial crimes. Companies must file by deadline to avoid a fine of $591 per day.

Get Compliant: BOI Reporting is a federal requirement that must be completed within 30 days of your business being formed or if there are any changes to your beneficial owner information.
Avoid Severe Penalties: Civil penalties of $591 per day can be imposed along with criminal penalties of two years in prison and a $10,000 fine.
Secure Application Process & Business Portal: The BOI E-Filing System is a simple and secure way to meet the federal BOI requirement. You keep secure access to your filings in case you need to amend them in the future.
Automated Compliance Reminders: Receive automated compliance reminders to ensure your filings are up to date and in compliance with Federal requirements.