1. What is the BOIR deadline for businesses formed before January 1, 2024?

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.

How can I track my BOIR submission status?

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.

What are the requirements for filing a BOIR?

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

When do I need to file a BOIR report?

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.

What is the BOIR deadline for my company?

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.

What are the penalties for non-filing or late filing of 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.

What are BOIR exemptions?

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.

How can I check if my company is eligible for BOIR exemptions?

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.

What are the key aspects of BOIR reporting?

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

How do I file a BOIR petition online?

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.

File Your BOIR Now - BENEFICIAL OWNERSHIP INFORMATION REPORT

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By checking this box, You are Requesting to receive a FinCEN Idontitior FinCEN ID. You ma use this ID to mako future filings with FinCEN.

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The Beneficial Ownership Information Report (BOIR) is a legal requirement under the Corporate Transparency Act (CTA). Non-compliance can result in severe penalties, including fines and legal action. To ensure your business is fully compliant, please complete your BOIR today by filing through our online portal. The current filing fee is $349. There is an additional charge for processing late filings (those occurring after January 1, 2025) of $149.

Corporate Transparency Act: https://www.congress.gov/bill/116th-congress/house-bill/2513

FinCEN BOIR Information Page: https://fincen.gov/boi

Penalty Notice

As specified in the Corporate Transparency Act, a person who willfully violates the BOI reporting requirements may be subject to civil penalties of up to $500 for each day that the violation continues. However, this civil penalty amount is adjusted annually for inflation. As of the time of publication of this FAQ, this amount is $591.

A person who willfully violates the BOI reporting requirements may also be subject to criminal penalties of up to two years imprisonment and a fine of up to $10,000. Potential violations include willfully failing to file a beneficial ownership information report, willfully filing false beneficial ownership information, or willfully failing to correct or update previously reported beneficial ownership information.

Initial Details

Details of individual completing this BOIR Filing.

Full Name*

Email Address*

Phone Number

Company Details

Details of the company that is the subject of this BOIR Filing. Please include extension (e.g. LLC, Inc.)

Legal Name*

The legal name of the entity that is the subject of this filing.

Alternate Name (Trade Name, DBA)

Any Doing Business As (DBA) or Trade Names associated with the entity.

Tax Identification Type*

Tax Identification Number*

Country/Jurisdiction of Formation*

Domestic Reporting Company

Please provide either the US state where the entity was first registered or the foreign tribal jurisdiction where the entity was first registered.

State of Formation*

Tribal jurisdiction of formation

Current U.S. Address

Details of the current U.S. address that is the subject of this BOIR Filing.

Address*

Apartment, suite, etc.

City*

State/Province*

Zip/Postal Code*

Only companies registered on or after 1st January, 2024 are required to file company applicant information. A reporting company can have up to two company applicants:

The individual who directly files the document that creates or registers the company
The individual who is primarily responsible for directing or controlling the filing

Was the reporting company filed on or after January 1st, 2024?*

Yes No

Company Applicant Information

Companies registered on or after January 1st, 2024 are required to file company applicant information.

Last Name*

First Name*

Middle Name

Suffix

Date of Birth*

Current Address

Current address of the company applicant.

What type of address is this?*

Street Address*

City*

Country*

State*

Zip Code*

Identity Verification

Identity information of the company applicant.

Upload image of ID (.png, .jpg, .pdf)*

What is the ID Type?*

ID Number*

Country*

State

Tribal Jurisdiction of Registration

All companies are required to report beneficial owner information. A reporting company can have any number of beneficial owners. A beneficial owner is:

Someone who exercises substantial control over the reporting company.
Someone who owns or controls at least 25% of the reporting company's ownership interests.
Beneficial owners must be individuals; corporations, trusts, and other legal entities are not considered to be beneficial owners.

Note: You must submit all of the reporting company's beneficial owners.

Beneficial Owner Information

All companies are required to file beneficial ownership information.

Parent/Guardian information instead of minor child

Check this box if you are submitting parent/guardian information instead of a minor child’s information.

Exempt Entity

Check this box if the beneficial owner holds its ownership interest in the reporting company exclusively through one or more exempt entities, and the name of that exempt entity or entities are being reported in lieu of the beneficial owner’s information. If checked, provide the legal name of the exempt entity in the next field.

By checking this box, you’re indicating that instead of providing the beneficial owner’s personal information, you will report the legal name(s) of the exempt entity or entities that hold their ownership interest. For example, if the beneficial owner holds their stake through a publicly traded company, you would list the company’s name rather than the owner’s details.

Last Name (or Legal Name)*

First Name*

Middle Name

Suffix

Date of Birth*

Current Address

Current address of the beneficial owner.

What type of address is this?*

Street Address*

City*

Country*

State*

Zip Code*

Identity Verification

Identity information of the beneficial owner.

Upload image of ID (.png, .jpg, .pdf)*

What is the ID Type?*

ID Number*

Country*

State

Tribal Jurisdiction of Registration

Review Your BOIR Filing

Review and submit your BOIR Filing.

Initial Information

Completed

Company Details

Completed

Company Applicant(s)

Completed

Beneficial Owner(s)

Completed

I certify that I am authorized to file this BOIR on behalf of the reporting company. I further certify, on behalf of the reporting company, that the information contained in this BOIR is true, correct, and complete.