WELCOME TO BOIPR
E-FILING PORTAL
DON'T MISS THE DEADLINE, FILE YOUR BOIR TODAY!
Following the Fifth Circuit Court of Appeals' decision on December 23, 2024, reinstating the Corporate Transparency Act (CTA), FinCEN has issued updated deadlines for BOI reporting: Deadline extended to January 13, 2025.
Our Services
WHAT WE OFFER
Welcome to the BOIPR
E-Filing Portal!
– Your trusted partner for simplified and efficient BOI reporting. Our mission is to deliver a user-friendly platform that makes the often-complex process of filing BOIR smooth, swift, and compliant.
Designed with precision and compliance in mind, our platform ensures accuracy and security, empowering you to file with confidence. We aim to transform compliance into a seamless experience, making BOIR submissions faster, easier, and stress-free
In addition, we offer BOIR Protection Plus, a comprehensive service to safeguard your sensitive information and provide enhanced support, ensuring your BOIR filing remains secure and fully compliant.
WHAT WE OFFER
Welcome to the BOIPR
E-Filing Portal!
– Your trusted partner for simplified and efficient BOI reporting. Our mission is to deliver a user-friendly platform that makes the often-complex process of filing BOIR smooth, swift, and compliant.
Designed with precision and compliance in mind, our platform ensures accuracy and security, empowering you to file with confidence. We aim to transform compliance into a seamless experience, making BOIR submissions faster, easier, and stress-free
In addition, we offer BOIR Protection Plus, a comprehensive service to safeguard your sensitive information and provide enhanced support, ensuring your BOIR filing remains secure and fully compliant.
Welcome to the BOIPR
E-Filing Portal!
– Your trusted partner for simplified and efficient BOI reporting. Our mission is to deliver a user-friendly platform that makes the often-complex process of filing BOIR smooth, swift, and compliant.
Designed with precision and compliance in mind, our platform ensures accuracy and security, empowering you to file with confidence. We aim to transform compliance into a seamless experience, making BOIR submissions faster, easier, and stress-free
In addition, we offer BOIR Protection Plus, a comprehensive service to safeguard your sensitive information and provide enhanced support, ensuring your BOIR filing remains secure and fully compliant.
Welcome to the BOIPR
E-Filing Portal!
– Your trusted partner for simplified and efficient BOI reporting. Our mission is to deliver a user-friendly platform that makes the often-complex process of filing BOIR smooth, swift, and compliant.
Designed with precision and compliance in mind, our platform ensures accuracy and security, empowering you to file with confidence. We aim to transform compliance into a seamless experience, making BOIR submissions faster, easier, and stress-free
In addition, we offer BOIR Protection Plus, a comprehensive service to safeguard your sensitive information and provide enhanced support, ensuring your BOIR filing remains secure and fully compliant.
What is the New Corporate Transparency Law about?
The Corporate Transparency Act is a U.S. federal law requiring certain companies to disclose their beneficial owners to FinCEN to combat money laundering, corruption, and illegal financing.
Who needs to fill out the BOI Report under the NCT Law?
Businesses registered as corporations or LLCs in the United States, Puerto Rico, and U.S. territories are required to fill out the BOI (Beneficial Ownership Information) Report.
What are the consequences of not complying with the BOI Report?
Failure to comply with the Corporate Transparency Law can result in penalties of up to $500 per day, with a maximum fine of $10,000. In some cases, it may also lead to imprisonment for up to 2 years.
What is Beneficial Ownership?
If you’re a reporting company, you’ll need to provide the following details:
• Legal Name
• DBAs (Doing Business As) or Trade Names
• Physical Street Address
• Jurisdiction or State of Formation
• EIN, SSN, or TIN (Employer Identification Number, Social Security Number, or Taxpayer Identification Number)
Who is the Beneficial Owner?
A beneficial owner is an individual who:
• Directly or indirectly exercises “substantial control” over a company, or
• Directly or indirectly owns or controls 25% or more of the company’s ownership interests Even without owning a large share of the company or holding a formal title (such as CEO or President), a person may still qualify as a beneficial owner if they have significant influence over the company’s activities and decisions.
What information do I need for my Company?
If you’re a reporting company, you’ll need to provide the following details:
• Legal Name
• DBAs (Doing Business As) or
Trade Names
• Physical Street Address
• Jurisdiction or State of Formation
• EIN, SSN, or TIN (Employer Identification Number, Social Security Number, or Taxpayer Identification Number)
Who is exempted for reporting?
Some companies are exempt from the beneficial ownership information reporting requirements. There are 23 types of exemptions, including publicly traded companies, nonprofits, and certain large operating companies. Examples include banks, credit unions, insurance companies, accounting firms, and tax-exempt entities.
The FinCEN Small Entity Compliance Guide provides detailed checklists to help determine eligibility for these exemptions. Companies should review the criteria carefully to confirm their exemption status.
When should be the BOI Report be filed?
Following the Fifth Circuit Court of Appeals' decision on December 23, 2024, reinstating the Corporate Transparency Act (CTA), FinCEN has issued updated deadlines for BOI reporting:
- Reporting companies created or registered before January 1, 2024: Deadline extended to January 13, 2025 (previously January 1, 2025).
- Reporting companies created or registered between September 4, 2024, and December 23, 2024: Deadline extended to January 13, 2025.
- Reporting companies created or registered between December 3, 2024, and December 23, 2024: Deadline extended by 21 days from their original deadline.
- Reporting companies created or registered on or after January 1, 2025: Must file within 30 days of their creation or registration.
- Disaster Relief Extensions: Companies qualifying for disaster relief may have deadlines that extend beyond January 13, 2025, and should follow the later date.
Why is BOIR is being introduced?
Beneficial ownership information reporting (BOIR) is being introduced as part of the Corporate Transparency Act, which is included in the Anti-Money Laundering Act of 2020. Recent final rules by FinCEN, effective January 1, 2024, establish the requirements for this reporting.
What is Beneficial Ownership?
If you’re a reporting company, you’ll need to provide the following details:
• Legal Name
• DBAs (Doing Business As) or Trade Names
• Physical Street Address
• Jurisdiction or State of Formation
• EIN, SSN, or TIN (Employer Identification Number, Social Security Number, or Taxpayer Identification Number)
Who is the Beneficial Owner?
A beneficial owner is an individual who:
• Directly or indirectly exercises “substantial control” over a company, or
• Directly or indirectly owns or controls 25% or more of the company’s ownership interests Even without owning a large share of the company or holding a formal title (such as CEO or President), a person may still qualify as a beneficial owner if they have significant influence over the company’s activities and decisions.
What information do I need for my Company?
If you’re a reporting company, you’ll need to provide the following details:
• Legal Name
• DBAs (Doing Business As) or
Trade Names
• Physical Street Address
• Jurisdiction or State of Formation
• EIN, SSN, or TIN (Employer Identification Number, Social Security Number, or Taxpayer Identification Number)
Who is exempted for reporting?
Some companies are exempt from the beneficial ownership information reporting requirements. There are 23 types of exemptions, including publicly traded companies, nonprofits, and certain large operating companies. Examples include banks, credit unions, insurance companies, accounting firms, and tax-exempt entities.
The FinCEN Small Entity Compliance Guide provides detailed checklists to help determine eligibility for these exemptions. Companies should review the criteria carefully to confirm their exemption status.
Why is BOIR is being introduced?
Beneficial ownership information reporting (BOIR) is being introduced as part of the Corporate Transparency Act, which is included in the Anti-Money Laundering Act of 2020. Recent final rules by FinCEN, effective January 1, 2024, establish the requirements for this reporting.
When should be the BOI Report be filed?
Following the Fifth Circuit Court of Appeals' decision on December 23, 2024, reinstating the Corporate Transparency Act (CTA), FinCEN has issued updated deadlines for BOI reporting:
- Reporting companies created or registered before January 1, 2024: Deadline extended to January 13, 2025 (previously January 1, 2025).
- Reporting companies created or registered between September 4, 2024, and December 23, 2024: Deadline extended to January 13, 2025.
- Reporting companies created or registered between December 3, 2024, and December 23, 2024: Deadline extended by 21 days from their original deadline.
- Reporting companies created or registered on or after January 1, 2025: Must file within 30 days of their creation or registration.
- Disaster Relief Extensions: Companies qualifying for disaster relief may have deadlines that extend beyond January 13, 2025, and should follow the later date.
What is Beneficial Ownership?
If you’re a reporting company, you’ll need to provide the following details:
• Legal Name
• DBAs (Doing Business As) or Trade Names
• Physical Street Address
• Jurisdiction or State of Formation
• EIN, SSN, or TIN (Employer Identification Number, Social Security Number, or Taxpayer Identification Number)
Who is the Beneficial Owner?
A beneficial owner is an individual who:
• Directly or indirectly exercises “substantial control” over a company, or
• Directly or indirectly owns or controls 25% or more of the company’s ownership interests Even without owning a large share of the company or holding a formal title (such as CEO or President), a person may still qualify as a beneficial owner if they have significant influence over the company’s activities and decisions.
What information do I need for my Company?
If you’re a reporting company, you’ll need to provide the following details:
• Legal Name
• DBAs (Doing Business As) or
Trade Names
• Physical Street Address
• Jurisdiction or State of Formation
• EIN, SSN, or TIN (Employer Identification Number, Social Security Number, or Taxpayer Identification Number)
Who is exempted for reporting?
Some companies are exempt from the beneficial ownership information reporting requirements. There are 23 types of exemptions, including publicly traded companies, nonprofits, and certain large operating companies. Examples include banks, credit unions, insurance companies, accounting firms, and tax-exempt entities.
The FinCEN Small Entity Compliance Guide provides detailed checklists to help determine eligibility for these exemptions. Companies should review the criteria carefully to confirm their exemption status.
Why is BOIR is being introduced?
Beneficial ownership information reporting (BOIR) is being introduced as part of the Corporate Transparency Act, which is included in the Anti-Money Laundering Act of 2020. Recent final rules by FinCEN, effective January 1, 2024, establish the requirements for this reporting.
When should be the BOI Report be filed?
Following the Fifth Circuit Court of Appeals' decision on December 23, 2024, reinstating the Corporate Transparency Act (CTA), FinCEN has issued updated deadlines for BOI reporting:
- Reporting companies created or registered before January 1, 2024: Deadline extended to January 13, 2025 (previously January 1, 2025).
- Reporting companies created or registered between September 4, 2024, and December 23, 2024: Deadline extended to January 13, 2025.
- Reporting companies created or registered between December 3, 2024, and December 23, 2024: Deadline extended by 21 days from their original deadline.
- Reporting companies created or registered on or after January 1, 2025: Must file within 30 days of their creation or registration.
- Disaster Relief Extensions: Companies qualifying for disaster relief may have deadlines that extend beyond January 13, 2025, and should follow the later date.
What is Beneficial Ownership?
If you’re a reporting company, you’ll need to provide the following details:
• Legal Name
• DBAs (Doing Business As) or Trade Names
• Physical Street Address
• Jurisdiction or State of Formation
• EIN, SSN, or TIN (Employer Identification Number, Social Security Number, or Taxpayer Identification Number)
Who is the Beneficial Owner?
A beneficial owner is an individual who:
• Directly or indirectly exercises “substantial control” over a company, or
• Directly or indirectly owns or controls 25% or more of the company’s ownership interests Even without owning a large share of the company or holding a formal title (such as CEO or President), a person may still qualify as a beneficial owner if they have significant influence over the company’s activities and decisions.
What information do I need for my Company?
If you’re a reporting company, you’ll need to provide the following details:
• Legal Name
• DBAs (Doing Business As) or
Trade Names
• Physical Street Address
• Jurisdiction or State of Formation
• EIN, SSN, or TIN (Employer Identification Number, Social Security Number, or Taxpayer Identification Number)
Who is exempted for reporting?
Some companies are exempt from the beneficial ownership information reporting requirements. There are 23 types of exemptions, including publicly traded companies, nonprofits, and certain large operating companies. Examples include banks, credit unions, insurance companies, accounting firms, and tax-exempt entities.
The FinCEN Small Entity Compliance Guide provides detailed checklists to help determine eligibility for these exemptions. Companies should review the criteria carefully to confirm their exemption status.
When should be the BOI Report be filed?
Following the Fifth Circuit Court of Appeals' decision on December 23, 2024, reinstating the Corporate Transparency Act (CTA), FinCEN has issued updated deadlines for BOI reporting:
- Reporting companies created or registered before January 1, 2024: Deadline extended to January 13, 2025 (previously January 1, 2025).
- Reporting companies created or registered between September 4, 2024, and December 23, 2024: Deadline extended to January 13, 2025.
- Reporting companies created or registered between December 3, 2024, and December 23, 2024: Deadline extended by 21 days from their original deadline.
- Reporting companies created or registered on or after January 1, 2025: Must file within 30 days of their creation or registration.
- Disaster Relief Extensions: Companies qualifying for disaster relief may have deadlines that extend beyond January 13, 2025, and should follow the later date.
Why is BOIR is being introduced?
Beneficial ownership information reporting (BOIR) is being introduced as part of the Corporate Transparency Act, which is included in the Anti-Money Laundering Act of 2020. Recent final rules by FinCEN, effective January 1, 2024, establish the requirements for this reporting.
What is Beneficial Ownership?
If you’re a reporting company, you’ll need to provide the following details:
• Legal Name
• DBAs (Doing Business As) or Trade Names
• Physical Street Address
• Jurisdiction or State of Formation
• EIN, SSN, or TIN (Employer Identification Number, Social Security Number, or Taxpayer Identification Number)
Who is the Beneficial Owner?
A beneficial owner is an individual who:
• Directly or indirectly exercises “substantial control” over a company, or
• Directly or indirectly owns or controls 25% or more of the company’s ownership interests Even without owning a large share of the company or holding a formal title (such as CEO or President), a person may still qualify as a beneficial owner if they have significant influence over the company’s activities and decisions.
What information do I need for my Company?
If you’re a reporting company, you’ll need to provide the following details:
• Legal Name
• DBAs (Doing Business As) or
Trade Names
• Physical Street Address
• Jurisdiction or State of Formation
• EIN, SSN, or TIN (Employer Identification Number, Social Security Number, or Taxpayer Identification Number)
Who is exempted for reporting?
Some companies are exempt from the beneficial ownership information reporting requirements. There are 23 types of exemptions, including publicly traded companies, nonprofits, and certain large operating companies. Examples include banks, credit unions, insurance companies, accounting firms, and tax-exempt entities.
The FinCEN Small Entity Compliance Guide provides detailed checklists to help determine eligibility for these exemptions. Companies should review the criteria carefully to confirm their exemption status.
Why is BOIR is being introduced?
Beneficial ownership information reporting (BOIR) is being introduced as part of the Corporate Transparency Act, which is included in the Anti-Money Laundering Act of 2020. Recent final rules by FinCEN, effective January 1, 2024, establish the requirements for this reporting.
When should be the BOI Report be filed?
Following the Fifth Circuit Court of Appeals' decision on December 23, 2024, reinstating the Corporate Transparency Act (CTA), FinCEN has issued updated deadlines for BOI reporting:
- Reporting companies created or registered before January 1, 2024: Deadline extended to January 13, 2025 (previously January 1, 2025).
- Reporting companies created or registered between September 4, 2024, and December 23, 2024: Deadline extended to January 13, 2025.
- Reporting companies created or registered between December 3, 2024, and December 23, 2024: Deadline extended by 21 days from their original deadline.
- Reporting companies created or registered on or after January 1, 2025: Must file within 30 days of their creation or registration.
- Disaster Relief Extensions: Companies qualifying for disaster relief may have deadlines that extend beyond January 13, 2025, and should follow the later date.
BOI Puerto Rico
Contact us
✆ 787-620-8440
✉ info@boipr.cpa
⟟ 100 W 57th St New York, NY 10019