BOI Filing Services

What is Beneficial Ownership Information (BOI)?

Beneficial ownership information (BOI) reports must be filed with the Financial Crimes Enforcement Network (FinCEN) by certain types of entities in the United States.

When to File

  • Companies created before January 1, 2024: File by January 1, 2025
  • Companies created in 2024: File within 90 days of creation
  • Companies created in 2025 and beyond: File within 30 days of creation
  • Updated Reports: File within 30 days of any changes to the reported information

How to File

File electronically through the BOI E-Filing System. Include the following information for each beneficial owner:

  • Name
  • Date of birth
  • Address
  • A unique identifying number and issuing jurisdiction from an acceptable identification document, such as:
    • U.S. driver’s license
    • Passport
    • State ID
  • An image of the identification document

Penalties for Non-Compliance

Willful failure to file on time can result in:

  • Civil penalties: Up to $500 per day
  • Criminal penalties: Up to two years in prison and a $10,000 fine

For more details, refer to the Small Entity Compliance Guide at fincen.gov/boi.

Need help with BOI filing? Contact us today for assistance!

Scroll to Top