Beneficial Ownership Information (BOI) reporting is a federal requirement that mandates companies to disclose detailed information about the individuals who ultimately own or control the business.
BOI reporting aims to enhance transparency in business operations, helping to combat illegal activities such as money laundering, fraud, and tax evasion. Ensuring compliance with BOI reporting is mandatory and avoids severe penalties, including a $591 fine per day for late submissions.
Get more information about BOI from the Federal Financial Crimes Enforcement Network at their website (www.fincen.gov/boi).
Fill out the form to get the support you need to complete your BOI forms accurately and on time.
Remember, this must be done before December 31st, 2024 to avoid a $591 daily fine!
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