Expert BOI Filing Services for You

This site is intended to provide additional in-depth resources regarding the Corporate Transparency Act (CTA) and the requirement to file a Beneficial Ownership Information Report (BOIR) with the Financial Crimes Enforcement Network (FinCEN) which is a bureau in the Department of the Treasury.

Background

The U.S. Corporate Transparency Act (CTA) was enacted in 2021 and became effective January 1, 2024. It was ostensibly passed to enhance transparency in entity structures and ownership to combat money laundering, tax fraud, and other illicit activities like funding of terrorist organizations.

Below are a series of links to official websites and pertinent articles. In an effort to assist and alert small business owners, we have published over a dozen articles which were posted to over 6,000 websites.

Get Started

Here are some official links

Corporate Transparency Act

The text of the Corporate Transparency Act can be found through the link provided to the left. It was passed as part of an omnibus bill that included defense funding among other things. The stated reason for the Act was to cut down on money laundering, financial crimes, illicit activities such as human trafficking, funding of terrorist organizations, etc.

Exemptions to Reporting

There are some exceptions to filing that can be found in the link to the left. These exceptions include certain not-for-profit entities, accounting firms involved in auditing of public entities, insurance or financial services entities, large businesses and some limited others. The vast majority of small to medium businesses are required to file their beneficial owner information reports or face massive penalties and potentially federal prosecution.

FinCEN.gov

The Financial Crimes Enforcement Network (FinCEN) website is accessible through the link to the left. Additional information is available there as is the gateway to filing a BOI Report if you are interested in doing it yourself.

FinCEN FAQ

The FinCEN Frequently Asked Questions document is robust and updated on a regular basis. This is a good place to start after reading the Small Business Regulatory Guide.