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Urgent: File before your federal deadline so you can avoid the $500/day penalty!
File your Beneficial Ownership Information Report with confidence!
To avoid serious criminal and civil penalties, business must file a Beneficial Ownership Information Report (BOIR) within 90 days of forming. No matter when you formed your business, We can help determine your deadline and file for you. For only $99.
Why choose D. Shephard Notary to file your Beneficial Ownership Information Report?
Time is of the essence when filing your Beneficial Ownership Information Report (BOIR) to meet your dead line and avoid those costly fines. With our easy and accurate report filing, we can help reduce the risk of not meeting federal mandates.
We prioritize the confidentiality and security of our clients’ personal information. Implementing stringent measures to ensure that all sensitive data shared during this process is protected from unauthorized access.
Get Compliant
Satisfy the federal reporting requirements with our help. We will file the information required for the individuals who own or control your business with the Financial Crimes Enforcement Network (FinCEN).
Avoid Penalties
Not filing a report on time could result in serious civil and criminal penalties. We will ensure your filing meets all the federal requirements to help you avoid liabilities and having to pay associated fees.
File with Confidence
Gain the peace of mind with our accurate, compliant filing. You can be sure that we will include all of the required information about beneficial owners. Plus, you'll receive confirmation of the reporting.
Urgent: File your report before your federal deadline so you can
avoid the penalty of $500 per day
Beneficial Ownership Information Report (BOIR)
Get your your BOIR filed by us. We'll send your information to FinCEN so your business is in compliance with the new rule under the Corporate Transparency Act.
$99 Per Business Entity
Custom BOIR Filing
Get a customized federally required beneficial ownership information report. Filed within 48 hours including confirmation of filing.
Secure filing emplementing the stringent measures to ensure that all sensitive data shared during this process is protected from unauthorized access.
Simplified Process
We ensure a simplified seamless process with confirmation of submission to the Financial Crimes Enforcement Network.
No need to leave home or miss work
Easy to complete form with instructions that you can complete on your time.
What is beneficial ownership information reporting?
Business owners or beneficiaries are required to file identifying information about owners or individuals who directly or indirectly own or control a business, with the Financial Crimes Enforcement Network (FinCEN) in order to meet the requirements of the Corporate Transparency Act.
The Beneficial Ownership Information Reporting Rule went into effect January 1st 2024, and many reporting companies have critical deadlines to file this year. It is important to understand the new law given the severity of criminal and civil penalties for the failure to file, which include imprisonment and fines.
Complete your BOIR in 3 easy to complete steps.
To avoid the civil and criminal penalties, reporting businesses must report information about those who own or control the business. Your report must be personalized and accurate.
Tell us about your beneficial owners
Answer a few simple questions about the individuals who own or control your business making your report personalized and accurate.
We create and file the report for you
We will prepare a personalized report that satisfies the requirements of the federal reporting mandate, and we will file it for you!
Receive confirmation of your filed report
Once we have filed your personalized report with the Federal Crimes Enforcement Network (FinCEN), we will provide written confirmation for your records.
Why get help with the Beneficial Ownership Information Report filing?
Avoid penalties
Prevent criminal and civil penalties, including imprisonment for up to two years and /or fines up to $10,000, and fines of up to $500/day.
Focus on what matters
Concentrate on building your business and meeting your family goals instead of navigating the complexities of a new federal mandated rule under the corporate Transparency Act.
Have peace of mind
Feel confident and secure about your business, knowing that your report is filled on time and you are in compliance with the new law.
What is the Corporate Transparency Act?
Effective Jan. 1, 2024, the federal government created legislation to curb illicit finances and boost transparency around company ownership structures. This is designed to help the government reduce fraud and financial crimes, such as money laundering, corruption, and fraud against employees, customers, and other businesses.
Under this Act, the Beneficial Ownership Information Reporting Rule requires reporting companies to file information on each beneficial owner with the U.S. Treasury's Financial Crimes Enforcement Network (FinCEN).
This means reporting companies must identify and document any person who holds a 25% or greater ownership interest or exercises substantial control over the company.
Reporting info on beneficial owners supports the ongoing focus and efforts of the U.S. government to deter corporations who would hide or benefit from actions that harm others. FinCEN has developed a database that holds information about each beneficial owner documented by a reporting company.
It’s important to understand this new rule given the severity of criminal and civil penalties for failure to file, which include imprisonment and fines.
Who is a Beneficial Owner?
Beneficial owners are individuals who directly or indirectly: (1) own or control at least 25% of your company’s ownership interests, or (2) exercise substantial control over your business. Common examples of beneficial owners of a reporting company can include the following:
An important decision-maker for the reporting company
A senior officer (president, chief executive officer, chief financial officer, general counsel, chief operating officer, or any other officer with a similar function)
An individual with the authority to appoint or remove certain officers or a majority of directors (or similar body) of the reporting company
What are the penalties for not filing?
Each business is responsible for filing a Beneficial Ownership Information Report (BOIR), which includes the individuals who control or own the business.
A beneficial owner of a business who willfully fails to follow the reporting requirement and filing rules will face personal liability in the form of both criminal and civil penalties for noncompliance.
Failure to comply can lead to criminal penalties of imprisonment for up to two years and/or a fine of up to $10,000, and a civil penalty of up to $500 per day.
It’s critical for reporting companies to file before the deadline to avoid penalties.
What is the Beneficial Ownership Information Report ( BOIR)
The report includes several pieces of information about the reporting company, such as its full legal name, any trade or DBA names, its address, federal tax ID number (or EIN), and the jurisdiction where it was either created or registered.
The report also includes the owners’ full legal names, birth dates, current addresses, images of acceptable identification documents (such as a passport or driver's licenses), along with the issuing jurisdiction and the document's ID number.
Using our service simplifies the process for reporting and filing the required information with the Financial Crimes Enforcement Network, saving you time and stress related to deadlines and accurate filing of your report.
Owners of a limited liability company (LLC) need to file the new report with the federal agency and provide basic contact information about the company and its owners (known as members). This requirement applies to single-member and multi-member LLCs.
Frequently Asked Questions
What is beneficial ownership information reporting?
The BOIR is a required report for each business entity that has formed with the Secretary of State. The report provides identifying information about the individuals who own or control a business satisfying legal federal government requirements.
Who must file a BOIR?
This new requirement applies to most business entities, known as reporting companies, unless an exception applies.
Corporations and limited liability companies (LLC) who qualify as reporting companies are required to file a BOIR. This means reporting identifying information about the individuals who own or control a business to the U.S. government. Failure to comply could mean serious civil and criminal penalties.
What is the beneficial ownership information reporting rule?
The BOIR rule, under the Corporate Transparency Act, mandates the identification of individuals who benefit from a legal entity.
The goal of this legislation is to provide transparency around business ownership structures. It helps the federal government reduce financial crimes and fraud.
The Corporate Transparency Act is legislation that changes the reporting requirements for beneficial ownership information of business owners operating in the United States. It requires businesses to identify and document any person who holds a 25% or greater ownership interest or exercises substantial control over the company.
Under the new rule, most reporting companies must file information on each beneficial owner with the U.S. Treasury's Financial Crimes Enforcement Network (FinCEN).
The FinCEN has developed a database that holds information about each beneficial owner documented by a reporting company.
What is an example of a beneficial owner with substantial control?
Examples of beneficial ownership and beneficial owners with substantial control include:
An important decision-maker for the reporting company
A senior officer (president, chief executive officer, chief financial officer, general counsel, chief operating officer, or any other officer with a similar function)
An individual with the authority to appoint or remove officers or directors (or similar body) of the company
If you officially formed your business on or after Jan. 1, 2024, you must submit information about the individuals who formed the business (known as "company applicants"), even if they don't qualify as a beneficial owner.
How do I get a BOIR?
D. Shephard Notary will file your report based on your business and your formation date. We’ll request the information needed to file, and we’ll create an accurate report that includes the identifying information about the individuals who own or control your business, or beneficial owners, satisfying the federal reporting requirement.
Why should a business use a service to submit their BOIR?
The Corporate Transparency Act is one of the most important pieces of legislation to impact small businesses owners. Its latest requirement mandates that most limited liability companies and corporations must file the beneficial owner report.
Understanding the new law can be confusing and distracting for small business owners who are otherwise focused on running and growing their business.
However, failure to comply can result in serious criminal and civil penalties, which include imprisonment for up to two years, a fine of up to $10,000, and/or a fine of up to $500 per day.
A service like the one provided by D. Shephard Notary makes it easier for customers to meet this requirement as soon as possible and stay in compliance with federal law.
With D. Shephard Notary, you can avoid noncompliance with three easy steps, reducing your risk while saving time and money. Just start by answering a few simple questions about the individuals who own or control their business, so the report is personalized and accurate.
Ready to complete your Beneficial Ownership Information Report?
DISCLAIMER:
D. Shephard Notary is not an attorney or accountant. D. Shephard Notary and it's associates do not offer legal or tax advice, discuss legal strategies, answer questions of a legal nature, select forms for the consumer, or appear in court on the consumer's behalf.
PRIVACY POLICY:
All information received from clients is strictly confidential and is required for the sole purpose of the preparation of documents. Our office takes every step possible to protect your privacy.