BOI "Beneficial Ownership Information" Report

The "BOI" Beneficial Ownership Information report is one of the new requirements for Corporations and LLCs under the Corporate Transparency Act. Among the reasons is to prevent money laundering, misuse of legal entities, among others.

This report applies to residents of the United States or Puerto Rico who have an existing LLC or Corp or wish to register one.

Until when do you have to file them?

Businesses incorporated before December 31, 2023 have until December 31, 2024.

Businesses incorporated after January 1, 2024 have 90 days to file the report after incorporation.

This service includes:

1. Account registration with FInCen (Federal Agency)

2. FinCen ID

3. Creating BOI report

4. Responsibility orientation