IMPORTANT NOTICE: BOI REPORTS NOW ONLY SUBJECT TO VOLUNTARY FILING

In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force. However, reporting companies may continue to voluntarily submit beneficial ownership information reports. More information is available on FinCEN’s website at https://www.fincen.gov/boi.

 

BENEFICIAL OWNERSHIP INFORMATION REPORT FILING

Effective January 1, 2024, most business companies must now file a beneficial ownership information (BOI) report with the U.S. Financial Crimes Enforcement Network (FinCEN). Unless exempt, new companies (formed on or after January 1, 2024, and before January 1, 2025) must file a BOI report within 90 days after formation. Non-exempt existing companies (formed prior to January 1, 2024) must file by January 1, 2025. If a company has had a change to information on an existing BOI report, an amendment is required to be filed within 30 days of the change. New companies formed after January 1, 2025, must file within 30 days.

Our specialized BOI Report team is ready and able to file your reports with FinCEN and obtain necessary Employee Identification Numbers (EINs) as needed. Sensitive data is securely transmitted directly to our team by way of Capitol Services’ Business Compliance Manager (CapitolBCM), which offers the intuitively designed BOI Report Builder, allowing you to build reports with ease and at your leisure.

PREPARATION TOOLS AND TIPS

• Determine if a company is exempt with our CTA Exemption Wizard.
• Quickly establish beneficial owners using our CTA Beneficial Owner Wizard.
• Save to desktop all required identification images for parties without a FinCEN ID.
• If an EIN is required for your submission, complete and save a fillable EIN Application form.
• See Resources and FAQs below for more information and links to fillable forms.