The Beneficial Ownership Information Report (BOIR) is a legal requirement under the Corporate Transparency Act (CTA). Non-compliance can result in severe penalties, including fines and legal action. To ensure your business is fully compliant, please complete your BOIR today by filing through our online portal. The current filing fee is $129.00
Corporate Transparency Act: https://www.congress.gov/bill/116th-congress/house-bill/2513
FinCEN BOIR Information Page: https://fincen.gov/boi
Penalty Notice
As specified in the Corporate Transparency Act, a person who willfully violates the BOI reporting requirements may be subject to civil penalties of up to $500 for each day that the violation continues. However, this civil penalty amount is adjusted annually for inflation. As of the time of publication of this FAQ, this amount is $591.
A person who willfully violates the BOI reporting requirements may also be subject to criminal penalties of up to two years imprisonment and a fine of up to $10,000. Potential violations include willfully failing to file a beneficial ownership information report, willfully filing false beneficial ownership information, or willfully failing to correct or update previously reported beneficial ownership information.
Payment Details
Only companies registered on or after 1st January, 2024 are required to file company applicant information. A reporting company can have up to two company applicants:
Note: You only need to submit one company applicant.
Companies registered before January 1st, 2024 are not required to file company applicant information. You may proceed to the next step.
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All companies are required to report beneficial owner information. A reporting company can have any number of beneficial owners. A beneficial owner is:
Note: You must submit all of the reporting company's beneficial owners.
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Please click one of the PayPal options to complete payment and submit the form.