Beneficial Ownership Information Report
Are you compliant?
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Newest mandatory business filing
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File quickly, easily, and accurately
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We will navigate this new law so you don’t have to
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Starting January 1, 2024, businesses must report detailed information about their company and its ownership pursuant to the Corporate Transparency Act. Let us handle this new regulatory burden with our BOI Report Filing Service.
Call us at (800) 476-3003 Email us at info@sygullc.com
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•Avoid Penalties
If you're an LLC, corporation, or foreign entity registered in the United States, you likely need to file a BOI report. Companies that fail to comply could face fines of up to $500 per day.
•Focus on Your Business
Our team handles all the paperwork so staying compliant can be the easy part of running your business. Plus, you get the option to choose ongoing compliance assistance for year-round peace of mind.
•Get Ahead of the Deadline
Companies formed in 2024 have 90 days from the filing date to file, and older companies must file by the end of the year. Don’t stress about this and let us take care of it for you. We offer both a one-time filing and a service that will keep you posted of any changes and handle all of your amendments when things change.
•Leave it in Expert Hands
Avoid errors trying to satisfy this brand new law. Join the 300,000+ businesses that have trusted us to keep them compliant with government regulations.
Now $119.99 per filing!
BOI Filings now for Only $119.99 per company! Click below to get started.
Frequently Asked Questions
•What is a Beneficial Ownership Information (BOI) Report?
-A BOI Report outlines the ownership and control structure of a business, providing transparency about individuals who ultimately own or substantially control the entity.
•What is Beneficial Ownership?
-Beneficial ownership refers to the individuals who own, control, or receive benefits from an entity, regardless of whether their names appear on official documentation. These individuals might exercise significant control over the company's operations, decision-making, and financial matters. Beneficial ownership is a critical concept in various industries to promote transparency, prevent financial crimes, and ensure accountability within businesses.
•What is the Corporate Transparency Act (CTA)?
-The Corporate Transparency Act (CTA) is a federal law requiring certain businesses to report their beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN) to prevent money laundering and fraud.
•How often do I need to file a BOI Report?
-Companies established prior to 2024 will have a year from January 1st to disclose beneficial ownership information, while those formed afterward will have 90 days from the date of formation to comply with reporting rules. Updated reports are necessary if there are changes in ownership or eligibility for exemptions.
•What are the consequences of not filing a BOI Report on time?
-Failure to file a BOI Report on time can result in substantial civil and criminal repercussions. Delays or inaccuracies in reporting under the CTA could lead to civil penalties of up to $500 per day for ongoing violations, and individuals might face criminal penalties including imprisonment for up to two years and fines of up to $10,000.
•Who is required to file a BOI Report under the CTA?
-Entities that fall under the definition of a "Reporting Company," including corporations, LLCs, and foreign entities registered to do business in the U.S., generally need to file BOI Reports.
•Are there exemptions from filing BOI Reports?
-Yes, exemptions exist for various entities like heavily-regulated financial institutions, tax-exempt organizations, inactive businesses, and others meeting specific operational criteria.
•What information needs to be disclosed in a BOI Report?
-A BOI Report typically requires disclosing the names, addresses, birthdates, and ownership percentages of individuals who directly or indirectly control the business.
To start the process Call us at (800) 476-3003 ext 810
Email us at info@sygullc.com