What is the FinCen BOI report?

The Corporate Transparency Act (CTA) created a new reporting requirement for most small businesses to report information about the company’s beneficial owner(s). The beneficial ownership information (BOI) is reported to the Financial Crimes Enforcement Network (FinCEN). Thus, it is often referred to as the FinCEN BOI report.

Who must file the FinCen BOI report?

Corporations (including S corps), LLCs, and other entities who filed for its formation through the secretary of state (or other similar state office). Failure to file may result in penalties of $591/day (up to $10,000) and imprisonment up to 2 years.

When is the FinCen BOI report due?

How do I file the FinCen BOI report?

The original due date was December 31, 2024 for companies created or registered before 2024. Please note that there are legal challenges that have delayed the deadline and may ultimately remove the requirement. You may still voluntarily file the report in case the requirement is enforced.

You may file the report at Beneficial Ownership Information Reporting | FinCEN.gov. If you wish our office to complete the report for you, please contact us.