Starting January 1, 2024, the business landscape changes with the activation of the Corporate Transparency Act. This pivotal legislation mandates that millions of companies submit a Beneficial Ownership Information (BOI) Report.

Neglecting BOI mandates could lead to steep penalties, including daily fines of up to $500, and in severe cases, jail time.

Determine your company's obligations under this new law in just minutes. Our brief quiz will guide you through a series of straightforward questions, culminating in an assessment of your reporting duties* — obligation-free.

* Please note that this resource is offered as general guidance and is not intended to be a substitute for legal advice or consultation with an attorney

Result: Likely NOT required to file

Your company may not be required to file a beneficial ownership information report under the Beneficial Ownership Information Reporting Rule going into effect January 1, 2024.*

Please complete and submit your information below for updates to the Corporate Transparency Act and Beneficial Ownership Information reporting requirements along with other solutions.

** Please read the privacy policy. By checking the opt-in checkbox, you are agreeing to receive occasional communications about Fintech Umbrella resources, products, or services. You also acknowledge that you have read and understood our Privacy Policy.

*Fintech Umbrella is not a law firm and cannot provide legal advice, including providing advice as to whether any specific entity will be required to file a report. Fintech Umbrella cannot provide its own interpretation of the statute or FinCEN’s final report ruling, however many of the questions can be answered by referring to the text of the final rule, sections of which have been provided where appropriate. You can also direct questions to FinCEN. The phone number of the FinCEN Regulatory Support Section is 1-800-767-2825 and you can email them at frc@fincen.gov

Result: Likely REQUIRED to file*

Please complete and submit your information below to request a reply from a Fintech Umbrella specialist on the next steps:

** Please read the privacy policy. By checking the opt-in checkbox, you are agreeing to receive occasional communications about Fintech Umbrella resources, products, or services. You also acknowledge that you have read and understood our Privacy Policy.

*Fintech Umbrella is not a law firm and cannot provide legal advice, including providing advice as to whether any specific entity will be required to file a report. Fintech Umbrella cannot provide its own interpretation of the statute or FinCEN’s final report ruling, however many of the questions can be answered by referring to the text of the final rule, sections of which have been provided where appropriate. You can also direct questions to FinCEN. The phone number of the FinCEN Regulatory Support Section is 1-800-767-2825 and you can email them at frc@fincen.gov

As stated in the final reporting rule implementing the Corporate Transparency Act, if your company was formed or registered before January 1, 2024, you have to file your report between January 1, 2024 and January 1, 2025. If your company was formed or registered on or after January 1, 2024 and before January 1, 2025, you have to file within 90 days of receiving notice of formation or registration. If your company was formed or registered on or after January 1, 2025, you have to file within 30 days of receiving notice of formation or registration.