GO HEAD FIRST: Step-by Step Guide To Register Company With BOI (BENEFICIAL OWNER INFORMATION) Report [Video]

Looking to start your business? This comprehensive step-by-step guide simplifies the process of registering your business BOI (BENIFICIAL OWNER INFORMATION) REPORT. From choosing the right structure to filing essential documents, we provide clear, actionable instructions to get your business officially recognized. Start your entrepreneurial journey today with confidence!

In the United States, the Corporate Transparency Act (CTA) mandates that many businesses submit a Beneficial Ownership Information (BOI) report to the Financial Crimes Enforcement Network (FinCEN). The deadlines are as follows:

Existing Companies: Entities created or registered before January 1, 2024, must file their initial BOI report by January 13, 2025.

New Companies:

For those created or registered between January 1, 2024, and December 31, 2024, the initial BOI report was due within 90 days of their creation or registration.

Companies formed on or after January 1, 2025, are required to file their BOI report within 30 days of receiving actual or public notice that their creation or registration is effective.

The BOI report requires detailed information about the company’s beneficial owners, including names, dates of birth, addresses, and identifying documents. Non-compliance can result in significant penalties, including fines and potential criminal charges.

It’s important to note that certain entities, such as large operating companies with more than 20 full-time employees and over $5 million in revenue, are exempt from this reporting requirement.

Given the recent legal developments and extensions, it’s crucial for businesses to stay informed about any further changes to these deadlines. For the most accurate and up-to-date information, consult FinCEN’s official communications or seek legal advice.

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