Tax work team

Beneficial Ownership Information Report Filing Services

Get Started On Your Required Beneficial Ownership Information Report (BOIR)

As part of the Corporate Transparency Act, a new federal mandate requires that businesses file a Beneficial Ownership Information Report.
This includes most LLCs and Corporations including single member LLCs.
To avoid criminal and civil penalties we can help you to file in a compliant and stress-free way for only $299.
Check to see if you are required to file a BOIR for your business.

File Your Report In 3 Easy Steps

The Beneficial Owners

Answer a few simple questions about the individuals who own or control your business so your report is personalized and accurate.

Your Official Report

We’ll prepare a personalized report that satisfies the beneficial ownership information reporting requirement, and we’ll file it for you.

Assurance

Once we file your personalized report with the Financial Crimes Enforcement Network (FinCEN), we’ll provide confirmation. If you have any updates inform us and we’ll file the updates with FinCEN.

What is the Beneficial Ownership Information Reporting Rule?

The Beneficial Ownership Information Reporting Rule under the Corporate Transparency Act (CTA) is a new filing requirement of the FinCEN, a bureau of the United States Department of the Treasury.

The rule creates transparency around company ownership structures and helps the federal government prevent financial crimes and fraud, such as money laundering, corruption, human trafficking, drug trafficking, tax fraud, and fraud against employees, customers, and other businesses.
Beneficial ownership information reporting supports the ongoing focus and efforts of the U.S. government to deter corporations who would hide or benefit from actions that harm others.

Who is a beneficial owner?

A beneficial owner under the CTA is an individual who directly or indirectly: (1) owns or controls at least 25% of your company’s ownership interests, or (2) exercises substantial control over your business. Common examples of someone that exercises substantial control can include the following:

Not sure if you need to file a BOIR?

Do a quick requirement check.

Getting Started: Let’s Verify Your Business Details

Large Operating Company Category

Lets check if your business is considered a Large Operating Company!

Click here for more information about Large Operating Companies

Does your entity or the subsidiaries of entities meet all three of the following criteria?

  1. Have 20+ full time employees in the US
  2. Have an operating presence at a physical office in the US
  3. Reported $5+ million in gross receipts on its taxes last year

Tax-Exempt Entities

Lets review if your entity is a Tax-Exempt Entity!

Reporting vs. Non-Reporting Entities

Next, lets review if your entity is a Reporting or Non-Reporting Entity!

Is your entity primarily in any of the following industries?

Click to Review List of Non-Reporting industries

Based on your responses, you are not required to file a
Beneficial Ownership Information Report (BOIR).

Requirement checks for
 
Your responses listed below indicate that your entity is exempt from filing a BOIR
 

Does any of the above information look incorrect?

 

If you think you made an error on the requirement checks, please go back and make the necessary changes and review your results again to determine if you need to file a BOIR.

 

If you have any questions, email us at boir@taxworkteam.com

Based on your responses, you are required to file a
Beneficial Ownership Information Report (BOIR).

Requirement checks for
If the requirement checks are correct, click to start your BOIR.

It looks like you need to file a BOI Report!

Based on the information you provided, it looks like your business may be required to file a BOI Report.

 

Don’t worry, we can help. It won’t take long to answer a few simple questions and we’ll guide you through the steps.

 

Does any of the above information look incorrect?


If you think you made an error on the requirement checks, click back to re-enter your information, and review your results again to determine if you need to file a BOIR.

If you have any questions, email us at boirsupport@demo.com.

 

Best regards,

 

BOIR Support Team

boir@taxworkteam.com

https://taxworkteam.com/

Choose Your Package

Let's keep your business compliant with the right package for you.

BOIR Plus - The 3 Year Protection Plan

$249 for 3 years fillings

I want to make sure my ongoing BOI compliance needs are met



One-Time BOI Report

$99

I only want the basics to file my initial BOI report



    Step 1 - Entity Information



    Step 2: Principal Place of Business & Contact Information

    Principal Place of Business




    Contact Information

    Please enter your contact information – this is for internal use only and will not be shared with any government agency. Beneficial ownership information will be entered later in the process.












    Step 3: BOIR Plus Plan

    BOIR One-Time Filing

    $149.00

    This plan includes:

    • Customized federally required report

    • Simplified process and accurate filing

    • Confirmation of submission to FinCEN

    Additional Business Entity

    Do you need to file a BOIR for other entities? We’d be happy to help! You can add additional entities at a reduced cost of $99.00!

    -+

    BOIR Plus – The 3 Year Protection Plan

    $299.00

    This plan includes your BOIR filing and 3 years of:

    • Personalized alerts of your requirements

    • Ongoing BOIR filings for any changes

    Additional Business Entity

    Do you need to file a BOIR for other entities? We’d be happy to help! You can add additional entities at a reduced cost of $49.00!

    -+

    Why use [Your Company Name here] to file a Beneficial Ownership Information Report?

    Stay Compliant

    Fulfill the CTA obligation with our expert assistance. We'll handle the submission of ownership and control information to FinCEN on your behalf.

    Save Time

    Streamline your compliance with the CTA using our quick and easy service. Trust us to ensure your report filing adheres to all necessary requirements.

    Assurance

    Count on us to include all the necessary information mandated by FinCEN on the latest regulations. Enjoy peace of mind with a confirmation upon the report completion with FinCEN.

    BOIR Service Pricing

    BOIR One-Time Filing

    Get your BOIR filed by us. We’ll send your info to FinCEN so you comply with the new rule under the Corporate Transparency Act.
    $299
    This Plan Includes:

    BOIR Plus - The 3 Year Protection Plan

    Ongoing BOIR compliance updates and annual filings for 3 years.
    $399
    This Plan Includes:

    What is Beneficial Ownership Information Reporting?

    You are required to file identifying information about the individuals who directly or indirectly own or control your company with the Financial Crimes Enforcement Network in order to satisfy requirements under the Corporate Transparency Act.
    The Beneficial Ownership Information Reporting Rule goes into effect Jan. 1, 2024, and it’s important to understand this new law given the severity of criminal and civil penalties for failure to file, which include imprisonment and fines.

    How to complete the Beneficial Ownership Information Report in 3 easy steps

    Correctly reporting the required information about those who own or control your business is key to avoiding serious civil and criminal penalties. We can help you easily and accurately meet those requirements.

    Tell us about your beneficial owners

    Answer a few simple questions about the individuals who own or control your business so your report is personalized and accurate.

    We create and file the report for you

    We’ll prepare a personalized report that satisfies the beneficial ownership information reporting requirement, and we’ll file it for you.

    Receive confirmation of your filed report

    Once we file your personalized report with the Financial Crimes Enforcement Network (FinCEN), we’ll provide confirmation.

    Why get help with the Beneficial Ownership Information Report?

    Avoid serious penalties

    Prevent criminal and civil penalties, including imprisonment for up to two years and/or fines up to $10,000, and civil fines of up to $500/day.

    Focus on what mattersier

    Concentrate on your business instead of navigating the complexities of a new federally mandated rule under the Corporate Transparency Act.

    Enjoy peace of mind

    Feel confident and secure about your business, knowing you’re in compliance with the Financial Crimes Enforcement Network (FinCEN).

    What are the penalties for not filing?

    Each business is responsible for filing a BOIR which includes all of the individuals who control or own the business. However, a beneficial owner of a business who willfully fails to follow the reporting requirement and filing rules, or who misleads the FinCEN, will face personal liability in the form of both criminal and civil penalties for noncompliance with the CTA.
    Failure to comply can lead to criminal penalties of imprisonment for up to two years and/or a fine of up to $10,000, and a civil penalty of up to $500 per day.
    Even if a reporting company files the report on time, penalties can be imposed if the report does not include the correct information. It is critical that the reporting company’s filing is accurate. We can help you ensure accurate filing with a simplified reporting and filing process, satisfying the relevant law.

    When is the Beneficial Ownership Information Report deadline?

    The Beneficial Ownership Information Reporting Rule went into effect January. 1, 2024, so it’s important to get informed now about how to satisfy the requirements. The deadline varies depending on your date of formation, which we can help you determine, and we can help you stay on top of the process with notifications leading up to your filing deadline.
    Generally, business entities formed before January. 1, 2024 will have until December 31, 2024 to file. Business entities formed on or after January 1, 2024 will have 90 days after formation to file. Business entities that amend their formation documents on or after January. 1, 2024 will have 30 days to submit a new report.
    Taking care of this requirement will help you avoid criminal and civil penalties for failing to comply, including imprisonment for up to two years, a fine of up to $10,000, and/or a fine of up to $500 per day.

    How do I get a Beneficial Ownership Information Report?

    With our BOIR service, you’ll be notified when it’s time to file your report. We’ll request the information needed to file, and we’ll create an accurate report that includes the identifying information about the individuals who own or control your business, satisfying the beneficial ownership information reporting requirement.
    We will file your report with FinCEN before your deadline and confirm successful completion.

    What is in the Beneficial Ownership Information Report?

    The BOIR includes several pieces of information about the reporting company, such as its full legal name, any trade or DBA names, its address, federal tax ID number (or EIN), and the jurisdiction where it was created.
    The report also includes the owners’ full legal names, birth dates, current addresses, images of acceptable identification documents (such as a passports or driver’s licenses), along with the issuing jurisdiction and the document’s ID number. If the person who filed your entity formation documents (known as the applicant) is not one of the beneficial owners, the applicant must also provide the same information as the beneficial owners.
    Using our service simplifies the process for reporting and filing the required information with the FinCEN, saving you time and stress related to deadlines and accurate filing of your report.

    How are Limited Liability Companies Impacted By The Beneficial Ownership Information Reporting Rule?

    Owners of a limited liability company (LLC) need to file a BOIR with the federal agency and provide basic contact information about the company and its owners (known as members). This requirement applies to single-member and multi-member LLCs.

    Who is exempt from Beneficial Ownership Information Reporting?

    Most small business entities are not exempt from this requirement. Entities that are exempt from beneficial ownership information reporting include publicly traded companies, tax-exempt nonprofit organizations, certain large operating companies, and others that meet specific requirements. FinCEN lists 23 types of exempt entities that do not qualify as reporting companies and certain individuals that can’t be listed as a beneficial owner under the reporting requirement.

    Frequently asked questions

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    Exemption No. Exemption Short Title
    1 Securities reporting issuer
    2 Governmental authority
    3 Bank
    4 Credit union
    5 Depository institution holding company
    6 Money services business
    7 Broker or dealer in securities
    8 Securities exchange or clearing agency
    9 Other Exchange Act registered entity
    10 Investment company or investment adviser
    11 Venture capital fund adviser
    12 Insurance company
    Exemption No. Exemption Short Title
    13 State-licened insurance producer
    14 Commodity Exchange Act registered entity
    15 Accounting firm
    16 Public utility
    17 Finanaial market utility
    18 Pooled investment vehicle
    19 Tax-exempt entity
    20 Entity assisting a tax-exempt entity
    21 Large operating company
    22 Subsidiary of certain exempt entities
    23 Inactive entity

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