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  • Penalties for Late Filing
  • Civil Penalties: Up to $592 per day for each day the report is late
  • Criminal Penalties: Up to $10,000 in fines and imprisonment for up to two years

BOIR E-Filing System

Our BOIR E-Filing System simplifies the process of electronically submitting Beneficial Ownership Information Reports (BOIR) in compliance with the Corporate Transparency Act (CTA). The CTA mandates specific U.S. and foreign entities to disclose their beneficial ownership details to the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury, ensuring your business stays fully compliant with regulatory requirements.

BOIR E-Filing System

DEADLINE NOTICE: To avoid significant criminal and civil penalties, businesses formed in 2024 must file a Beneficial Ownership Information Report (BOIR) within 90 days of formation. All businesses formed before January 1, 2024, must file by January 1, 2025. Exceptions apply for exempted entities.

  • The federal deadline for entities formed prior to 2024 is in 22 days.
Prepare & Submit BOIR

Important Information about BOIR

  • Enforced by the Financial Crimes Enforcement Network (FinCEN)
  • Required for most businesses, unless exempt under the CTA
  • Businesses formed in 2024 must file within 90 days of formation
  • Deadline for businesses formed before 2024 is January 1, 2025
  • Failure to file may result in a $591-per-day fine, up to a total of $10,000
Prepare & Submit BOIR
  • The federal deadline for entities formed prior to 2024 is in 22 days.

Frequently asked questions

If you can’t find what you’re looking for, reach out to our support team at:
[email protected] and one of our representatives will get back to you as soon as possible.

The deadline for businesses formed before January 1, 2024, to file their initial Beneficial Ownership Information Report (BOIR) is January 1, 2025. This deadline is mandated by the Corporate Transparency Act.

You can track your BOIR submission status by logging into the online portal and using the tracking feature, which provides real-time updates on your submission.

To file a BOIR, you will need to provide the following information:

  • The full legal name of your company
  • The date of formation or registration of your company
  • The name, date of birth, residential address, and a unique identifying number for each beneficial owner
  • Information about the individuals involved in the formation of your company

You must file an initial BOIR report within the specified deadline based on your company’s formation date. After that, you must file an updated BOIR report within 30 days of any changes in your company’s beneficial ownership information.

The BOIR deadline depends on when your company was formed or registered:

  • Formed before January 1, 2024: You must file your initial BOIR by January 1, 2025.
  • Formed in 2024: You have 90 days from the date of formation/registration to file your initial BOIR.
  • Formed after January 1, 2025: You have 30 days from the date of formation/registration to file your initial BOIR.

Failure to file or late filing of BOIR can result in penalties imposed by the concerned authorities. The specific penalties may vary depending on the jurisdiction and the severity of the non-compliance. It is crucial to adhere to the filing deadlines to avoid penalties.

BOIR exemptions refer to specific circumstances where certain companies or individuals may be exempt from filing Business Organization Identification Reports (BOIRs). These exemptions are typically granted based on factors like company size, industry type, or specific government regulations.

To determine your company’s eligibility for BOIR exemptions, you can consult the relevant government regulations or seek guidance from a tax professional. Alternatively, you can use the online portal provided by the concerned authority to check your company’s status.

BOIR reporting involves submitting accurate and complete data on your operations, ensuring compliance with deadlines, and keeping track of submission acknowledgments.

To file a BOIR petition online, you need to:

  1. Register on the MCA portal: Create an account on the MCA portal and obtain a user ID and password.
  2. Prepare the necessary documents: Gather all required documents, including the petition, affidavits, financial statements, and other supporting documents.
  3. Log in to the portal: Use your credentials to log in to the MCA portal.
  4. Select the appropriate form: Choose the relevant form for filing a BOIR petition.
  5. Fill in the required details: Provide accurate information in the online form, including company details, petitioner details, and case details.
  6. Upload the necessary documents: Attach the scanned copies of the required documents to the online form.
  7. Pay the requisite fees: Submit the prescribed fees online through the portal.
  8. Submit the petition: Once all information and documents are verified, submit the petition electronically.

BOIR Useful Information

Access our detailed guidance materials to stay informed about regulatory obligations, filing procedures, and compliance strategies, supporting your business in maintaining transparency and adhering to legal standards.

The BOIR Filing Process: A Complete Guide for 2024

For business owners, understanding and complying with the Beneficial Ownership Information Report (BOIR) filing process has become crucial. This process..

Guidance Document

BOIR Filing Exemptions: Which Companies Are Exempt?

Under the Corporate Transparency Act (CTA), most U.S. entities must report their beneficial ownership to FinCEN. However, the CTA specifies..

Guidance Document

What Are The BOIR Penalties?

Failing to file the Beneficial Ownership Information Report (BOIR) or providing inaccurate information can result in severe penalties. These penalties..

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Why Choose BOIR.SYSTEMS?

While you can file your Beneficial Ownership Information Report (BOIR) directly with the Financial Crimes Enforcement Network (FinCEN), BOIR.SYSTEMS offers..

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BOIR.SYSTEMS

BOIR.SYSTEMS (Beneficial Ownership Information Report) is not affiliated with the US Government or the Financial Crimes Enforcement Network (FinCEN).

BOIR.SYSTEMS exists to make it easy for businesses to file their Beneficial Ownership Information Report. We are not affiliated with the US Government or the Financial Crimes Enforcement Network (FinCEN). You may file your BOIR directly at no cost with FinCEN at www.fincen.gov.