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The Corporate Transparency Act went into effect on Many small businesses are required to file Beneficial Ownership Information (BOI) reports with FinCEN.
Am I required to file? |
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What is the Beneficial Ownership Information report & the Corporate Transparency Act?
BOI reporting is part of the Corporate Transparency Act that Congress passed in 2021 to crack down on money laundering, financing of terrorism, tax fraud and other illegal acts. The BOI report will contain personal identifying information about a company's beneficial owners that will be filed with FinCEN - the U.S. Department of Treasury's Financial Crimes Enforcement network.
How do I file my BOI report?
Filing your BOI report directly with FinCEN is free of charge. You can find out more information on their website.
How can I make this easier?
Flora Bank & Trust is collaborating with Wolters Kluwer to offer you the BizFiling Beneficial Ownership reporting solution.
Use BizFilings' Beneficial Ownership solution for fast and accurate BOI Filings
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| Easy to Use | Efficient Filing | Secure Process | Reduced Risk |
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Reduce confusion using the guided five-step filing process |
The fast and automated filing process saves hours on each filing |
Safeguard your sensitive personal information (PII) using our robust security protocols |
Remove the threat of harsh civil and criminal penalties for non-compliance |
Beneficial Ownership Information Report Resources:
Use BizFilings' quiz to help determine your filing status. Walk through a series of questions designed to help businesses like yours understand their potential reporting status. Use this quiz to better understand your reporting obligation today.
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Top 5 Things Small Businesses Need to Know About Corporate Transparency Act |
Beneficial Ownership What information is required?
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Beneficial Ownership Fast, Simple and Secure |
Beneficial Ownership Data Security and Protection |
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This video covers what is a beneficial owner, why this requirement exists, and more. |
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