BOI Filing Made Simple: Step-by-Step Training
New federal regulations require many businesses to file a Beneficial Ownership Information (BOI) Report with the Financial Crimes Enforcement Network (FinCEN). This training will walk you through the process so you can file quickly and correctly to stay compliant and avoid penalties.
Who Needs to File?
Most corporations, LLCs, and similar entities must file unless they qualify for an exemption.
What You Need to File
Before you begin, gather:
✔️ Company Information: Legal name, address, and EIN (if applicable)
✔️ Beneficial Owner(s) Details: Full name, date of birth, residential address
✔️ Picture of the Government-Issued ID: A valid driver’s license or passport for each owner
✔️ Company Formation Details: Information about the entity’s registration
📌 Filing is required by law. Make sure you submit your BOI report on time to avoid potential penalties. (Could be up-to $591 a day in penalties)