Report your Beneficial Ownership Information (BOI)

Effective January 1, 2024 companies in the United States must report information about their beneficial owners–the individuals who own or control the company to the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of Treasury or risk penalties and possible imprisonment.

Have your Beneficial Ownership Information (BOI)
Reporting Filed By A Professional

Have a licensed professional file your Beneficial Ownership Information (BOI) and avoid penalties for failing to properly file. It is unlawful for any person to willfully provide false or fraudulent information to FinCEN. Have a professional file your BOI.

Why have a Professional File Your BOI

Our licensed tax professionals have helped many business owners like you navigate this complex filing process since the Corporate Tax Act came into effect. Avoid unnecessary penalties and additional fees. File with confidence, file in compliance. File with a professional.

Reporting of Beneficial Ownership Information

Beginning January 1, 2024, corporations, limited liability companies, and other similar entities created in or registered to do business in the United States must report information about their beneficial owners—the persons who ultimately own or control the company—to the Department of the Treasury's Financial Crimes Enforcement Network (FinCEN). A reporting company

created or registered to do business BEFORE January 1, 2024, will have until January 1, 2025, to file its initial beneficial ownership information report. Or face up to $500 a day in penalties or possible 2 years of imprisonment.

THE PCF PROCESS

Sign our Engagement Letter

By engaging with us you will have a one to one appointment with a license filing professional to report your BOI

Gather Beneficial Owner(s) Information

Have one our experienced agents collect the necessary information

Have a licensed professional review that you have all the necessary information

A one to one with a licensed filing professional will confirm your information is compliant

File Report

Your companies Beneficial Ownership Information reporting is filed by a licensed professional

Frequently Ask Questions

What is the Corporate Transparency Act?

Passed on January 1, 2021, it established a set of beneficial ownership reporting rules that require compliance with certain disclousure rules of whether "reporting companies" were established before or after the January 1, 2024, effective date.

Why did this happen?

To fight money laundering and terrorist financing.

Privately-held US companies are generally not required to identify owners. The US is one of the most secretive countries in the world with respect to finances. It has become the "Switzerland" of privacy, and US companies have been used for illegal and criminal activities.

The CTA is the most significant reformation of the Bank Secrecy Act and related anti-money laundering (AML) rules since the US PATRIOT Act and embodies years of efforts both domestically and abroad (The CTA was needed to meet Financial Action Task Force (FATF) standards).

What is FinCEN?

The Financial Crimes Enforcement Network is a bureau of the United States Department of the Treasury that collects and analyzes information about financial transactions in order to combat domestic and international money laundering, terrorist financing, and other financial crimes.

What are the penalties for failing to properly file?

Penalties for violating the CTA are as follows:

Willfully providing to attempting to provide false or fraudulent befecicial ownership information.
Willfully failing to report, complete or update beneficial ownership information.
$500 per day up to maximum of $10.000.
Possible imprisonment of up to two years.

What needs to be reported?

For the reporting company, ifs the name, doing businnes as, physical address (not registered agent addresss), the jurisdiction of formation/registration and the Taxpayer Identification Number (TIN) (Foreign TIN for foreign entities without an Employer Identification Number (EIN))

Any Changes must be reported within 30 days.

Why Professional Corporate Filings?

Since the pandemic there have been many complicated filings and procedures that have been thrown at business owners. Professional Corporate Filings has helped many business owners nationwide file the BOI in compliance with the Corporate Transparency Act.

Our dedicated team of licensed professionals will gather all the information needed, review current legislative requirements, and consult with you one on one to make sure you are filing all the correct and necessary information.

File with confidence, file in compliance. File with a professional.

Let us help you file your BOI today

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