Beneficial Ownership Information (BOI) Reports are coming due in January 2024. This is a federal mandate for (nearly) all existing and new businesses operating in the United States. If this is the first time you’re hearing about it or you just really hate paperwork, don’t worry—we’ve done the legal work for you.
Yes, BOI Reports are mandatory federal filings for nearly every business owner in America. As with all federal reporting, there’s a learning curve to filing your BOI Report—and consequences if you don’t get it done correctly on time. Penalties include fees of $500/day and up to two years of jail time. Don’t want to deal with any of this? We’ve got you. You can focus on your business and leave the bureaucracy to us.
FinCEN estimates it’ll take 90 minutes for an LLC or other business with a simple structure to file, and closer to 650 minutes—that’s almost eleven hours—for businesses with complex structures to file their BOI Report. If you hire us, it’ll take under five.
