Beneficial Ownership Information Report
Compliance Made Simple
At Eco-fyle, we offer a comprehensive solution that makes BOI reporting a breeze, ensuring your compliance and protection from any potential legal complications.
Overview of BOI Requirements
Under the Corporate Transparency Act (CTA), the Beneficial Ownership Information (BOI) Reporting Rule mandates that businesses disclose the identities of individuals who ultimately own or control them. Businesses must submit a BOI report detailing these individuals, enhancing transparency and aiding in the prevention of financial crimes such as money laundering, corruption, and tax evasion.
Key Deadlines for BOI Reporting
Existing Companies: Companies created or registered before January 1, 2024, must file their initial BOI report by January 1, 2025.
Companies Formed in 2024: Companies created or registered between January 1, 2024, and January 1, 2025, must file their initial BOI report within 90 calendar days of receiving notice that their creation or registration is effective.
Companies Formed after January 1, 2025: Companies created or registered on or after January 1, 2025, must file their initial BOI report within 30 calendar days of receiving notice that their creation or registration is effective.
Penalties for Non-Compliance
Failing to comply with BOI reporting can lead to severe penalties, including imprisonment for up to two years, fines up to $10,000, and civil penalties of up to $591 per day. Our streamlined process ensures accurate reporting, helping you stay compliant and avoid these penalties.
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Starting As Low As!
$199
*Filing & Service Fees Included
Why Your Business Benefits from Expert BOI Reporting
Navigating a new law with potential civil and criminal penalties can be daunting. Why take the risk? Choose Eco-fyle for BOI reporting and eliminate the worry. Our easy, accurate, and hassle-free report filing ensures you meet your compliance requirements with confidence.
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Ensure Legal Compliance
Stay on the right side of the law by filing your BOI report. Compliance with the Corporate Transparency Act (CTA) is not just a legal requirement; it’s essential to safeguard your business’s legal standing.
Shield Yourself from Penalties
Don’t risk daily fines of up to $500 for failing to file BOI. Our BOI reporting service can help you avoid costly penalties, allowing you to allocate resources more wisely.
Trust in Expert Guidance
Put your BOI reporting in the hands of experienced professionals. Our team ensures accuracy and compliance with ever-changing regulations, so you can focus on your core business activities with peace of mind.
Streamline Compliance Efforts
BOI reporting can be complex and time-consuming. Partner with us to streamline the compliance process and devote your energy to growing your business. Choose ongoing support for year-round peace of mind.
How BOI Reporting Works
3 Simple Steps
1. Provide Beneficial Owner Information
Share details about the individuals who own or control your business. Answer a few simple questions to ensure your report is tailored and accurate.
2. We Handle Report Preparation and Filing
We’ll take care of the heavy lifting. Our team will prepare a report that aligns with BOI reporting requirements, ensuring a seamless filing process on your behalf.
3. Receive Official Confirmation
Once your personalized report has been successfully filed with the Financial Crimes Enforcement Network (FinCEN), we’ll promptly provide you with an official confirmation. It’s that simple.
Why choose Eco-fyle?
Navigating the complexities of BOI reporting under the Corporate Transparency Act (CTA) demands a partner you can rely on.
Personalized Support
At Eco-fyle, we understand that every business is unique. We provide personalized support tailored to your needs, ensuring efficient paperwork management. Focus confidently on your core activities.
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Efficiency & Savings
Your time and resources matter. Eco-fyle streamlines processes, saving you time and money. Let us handle the paperwork efficiently, so you can invest in your business’s growth.
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Accuracy Assurance
Precision is our priority. Our team ensures each report is filed with accuracy. With our satisfaction guarantee, navigate changing regulations with confidence. Eco-fyle has your compliance covered.
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Frequently Asked Questions
Have a question? If you can’t find an answer to your question schedule a consultation or email us at info@eco-fyle.com.
BOI Reporting, established by the Corporate Transparency Act (CTA), is a requirement for businesses to identify and disclose information about beneficial owners. This information is submitted to FinCEN to enhance transparency and prevent financial crimes.
No, Beneficial Ownership Information (BOI) is not public information. The information is collected by FinCEN (Financial Crimes Enforcement Network) and is only disclosed to authorized government authorities and financial institutions.
Financial institutions can access BOI only with the consent of the customer, and typically to comply with customer due diligence requirements under applicable anti-money laundering regulations.
If any details about your company or its beneficial owners change, you must file an updated report within 30 days of the change.
You do not need to update the report if the change is about a company applicant.
Yes, there are exemptions for certain types of entities, such as publicly traded companies, financial institutions, and tax-exempt organizations. Understanding these exemptions is crucial to determine whether your business needs to file a BOI report.
Yes, subsidiaries are required to file BOI reports unless they are wholly owned by an exempt entity. This means that subsidiaries must report their beneficial ownership information just like any other reporting company.
Eco-Fyle is your trusted partner for Beneficial Ownership Information (BOI) reporting. We offer comprehensive support to simplify the process and ensure compliance, allowing you to focus on your business success.
Our team handles all the paperwork and guides you through every step of the reporting process, ensuring accuracy and timeliness. We help you navigate the complexities of BOI regulations, ensuring your reports meet all legal requirements. Additionally, our customer service team is always available to provide personalized assistance and answer your questions.
With Eco-Fyle, you can rest assured that your BOI reporting is in capable hands, allowing you to concentrate on growing your business.
Request a Consultation Today
Ready to streamline your BOI reporting and ensure compliance with confidence?
Let’s connect! Fill out the form below to request a consultation.