Beneficial Ownership Information (BOI) Report Filing Services
The Beneficial Ownership Information Reporting Rule under the Corporate Transparency Act introduces a new federal requirement requiring companies to report beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN), a part of the U.S. Treasury.The rule goes into effect on January 1, 2024, with serious consequences, including up to 2 years imprisonment and fines up to $10,000, for failure to file.