Business owners are responsible for filing their Beneficial Ownership Information (BOI) reports with FinCEN.
Effective February 19, 2025, Beneficial ownership reporting requirements are back in effect, with a new deadline of March 21, 2025. However, FinCen is currently assessing its options for further modifying deadlines. We recommend proceeding with one of the options below to remain compliant and avoid any late fees that may be assessed.
If you have not done so yet, we have compiled three options to fulfill your filing requirement:
You can file directly with FinCen at no cost.
We would be happy to schedule a Zoom with you and complete the filing together. Our hourly rates apply with a minimum charge of $150.
A partnered resource that offers BOI filing services for a fee.
A reporting company created or registered to do business before January 1, 2024, will have until January 1, 2025 to file its initial beneficial ownership information report. A reporting company created or registered on or after January 1, 2024, and before January 1, 2025, will have 90 calendar days after receiving notice of the company's creation or registration to file its initial BOI report.
Please note there could be civil penalties of up to $500 per day for each day a BOI report is late.
If you have any questions or need further clarification, feel free to reach out.