Attention all entities filing documents with the Secretary of State!
The Beneficial Ownership Information (BOI) Report is a mandatory filing under the Corporate Transparency Act, managed by the Federal Government’s Financial Crimes Enforcement Network (FinCEN).
You must submit this report to avoid penalties.
Due date: January 1, 2025
Penalties: Up to $591 daily, with a maximum fine of $10,000.
What you need to do:
To file your BOI report online, visit the official FinCEN website: fincen.gov/boi
- You will need to provide the following information:
- Company Name
- Address
- Federal Tax ID Number
- Owner’s Name
- Driver’s License Number
Please note that this is not a tax filing but a crucial information report.
If you are unfamiliar with BOI reporting, please visit the FinCEN website for complete details and to prevent costly penalties!
