Welcome to Stratax Consulting's Beneficial Ownership Information Reporting Page!
Why Use Stratax Consulting for BOI Reporting?
- Accurate Compliance: We ensure your company meets this year's BOI reporting requirements accurately and timely.
- Ongoing Assistance: We assist with completing updates as needed and any additional compliance requirements.
- Continuous Monitoring: We monitor ongoing FinCEN compliance throughout the year. Our fee includes quarterly reminders for compliance updates and notifications for expiring identity documents.
Our $285 one-time charge covers all of this. In 2025, any future updates will only cost $35 to process.
What is the Beneficial Ownership Information Reporting Rule?
The Beneficial Ownership Information Reporting Rule under the Corporate Transparency Act requires companies to report beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN), a part of the U.S. Treasury. This rule applies to most small businesses (less than 20 employees and less than $5 million in revenue), regardless of entity type, and must be filed in 2024.
Deadlines
Deadlines
- Entities Created Before January 1, 2024: The deadline to file is December 31, 2024.
- Entities Created During 2024: The deadline is 90 days from creation but must be filed by December 31, 2024.
- Entities Created After January 1, 2025: The deadline to file is 30 days from creation.
Instructions
Please complete the information below and click "Create BOI Report" to submit the required report. Once you submit it, one of our representatives will contact you with any questions.
Please Note: Any changes in business address and/or business officer(s) (beneficial owner) will require a new submission.
BOI Penalties and Interest
Failure to comply with the BOI reporting requirements can result in significant penalties. A person who willfully fails to comply with BOI reporting may be subject to civil penalties of $500 per day (adjusted for inflation, it is now $591 per day) and criminal penalties, including a $10,000 fine and up to two years of imprisonment.
Thank you for choosing Stratax Consulting for your BOI reporting needs. We are committed to ensuring your compliance and providing ongoing support throughout the year.