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File Your Business BOI

Avoid costly civil and criminal penalties. Work with CFO2U on stress-free Beneficial Ownership Information (BOI) filing.

IMPORTANT UPDATE (12/26/24)

On December 26, 2024, an order from the 5th Circuit Court of Appeals again paused the requirement to file Beneficial Ownership Information (BOI).

What does this mean for you?

  1. Business owners are not currently required to file BOI and will not be subject to liability for failing to report their BOI.
  2. The ruling could change at any time. Regulations requiring business owners to file BOI or face penalties could be reinstated.
  3. Be prepared to file, or take steps to file BOI now. The mandate could be reinstated at any time, so we recommend you get your documents ready to file or move forward with filing.

IMPORTANT UPDATE (12/23/24)

A new federal ruling overturned a recent decision to pause the requirement to file Beneficial Ownership Information (BOI). Along with the reinstatement, the deadline to file has been extended.

Businesses are now required to file BOI by January 13, 2025.

  • Companies created prior to January 1, 2024  or after September 3, 2024 must file by January 13, 2025.
  • Companies created between December 3, 2024 and December 23, 2024 have an additional 21 days to file.

IMPORTANT UPDATE (12/3/24)

A recent federal ruling has changed Beneficial Ownership Information (BOI) regulations. On Tuesday, December 3, 2024, a federal district court in Texas issued an injunction that paused the deadline to file BOI as outlined by the Corporate Transparency Act (CTA). In response to the ruling, the Department of Justice has filed an appeal and is seeking to reinstate federal BOI filing requirements.

Is Your Business Ready?

The Government-Mandated BOI Reporting Deadline Is Approaching

In 2021, Congress passed the Corporate Transparency Act that requires businesses to file Beneficial Ownership Information (BOI) by January 1, 2025.

Missing the deadline could result in daily penalties of $591 and potential criminal fines up to $10,000 or imprisonment for up to two years.

CFO2U can help you file your BOI with less stress and worry.

Schedule a discovery call to see how we can get your filing done ASAP. 

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What Is Beneficial Ownership Information?

In 2021, Congress passed the Corporate Transparency Act. The law aims to curb illicit financial activity, such as tax fraud, money laundering, and financing for terrorism, by making the owners of U.S. businesses more transparent. The BOI is a requirement under CTA.

The CTA includes a requirement for businesses that meet specific criteria to file Beneficial Ownership Information. BOI reports the beneficial owners of U.S. companies to the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN).

Any individual who owns and/or controls a company must file a BOI.

Read our guide to learn more about BOI and its requirements for business owners.

Your Guide to BOI Filing

Who Needs to File BOI?

Most companies in the U.S. need to file BOI, but there are some exceptions. Your company needs to report information about its beneficial owners if it is one of the following:

  • Corporation (both C-Corp and S-Corp companies)
  • Limited liability company (LLC)
  • Company otherwise created in the United States by filing a document with a secretary of state or any similar office under the law of a state or Indian tribe
  • A foreign company registered to do business in any U.S. state or Indian tribe by filing a document with a secretary of state or any similar office under the law of a state or Indian tribe

Work with CFO2U to get your BOI filed. Schedule a call with our team to get started.

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Why Use CFO2U for Your Filing?

Work with a professional to get your BOI filing done right.

Reporting may seem simple, but there is a lot of room for error. Not fully understanding the requirements can lead to fines and penalties.

Work with CFO2U on an affordable fixed fee structure for first-time reporting.

$350: Filling for Business with 1 – 2 owners
$500: Filling for Business with 3 – 4 owners

Add on a $50 annual compliance fee that covers data storage, periodic reminders about compliance updates, access to prior reports, compliance dashboards, and discounted update reports.

 

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Take It From Our Clients

“Exceptional service! CFO2U goes above and beyond to handle my finances with precision. Their attention to detail and personalized approach make them an invaluable asset to our business. Highly recommend!!!”

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“The CFO2U team has been a huge help in handling our bookkeeping and back office accounting operations... has allowed me to focus more on the big picture!”

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We're Here to Support You & Your Business

I’m Susan Nieland, founder of CFO2U. I built CFO2U to help busy business owners get back to running their business and their lives with more time and clarity.

Our team is made up of a group of experienced financial advisors who strive to give you the time and insights to run your business to the best of your ability.

We look forward to helping you get the support and resources you need to build and grow a healthy, successful company.

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