Time’s Ticking: File Your BOI Before It’s Too Late!

Calling all business owners! If your company was created or registered before January 1, 2024, listen up: you have until January 1, 2025, to file your Beneficial Ownership Information (BOI) with FinCEN. Miss this deadline, and you could face hefty fines—up to $10,000—and even jail time!

Why does this matter? The BOI filing is part of the Corporate Transparency Act, designed to prevent fraud, money laundering, and other illicit activities. But here’s the good news: filing is simple, free, and done online via FinCEN’s secure BOI E-Filing system.

Who Needs to File For BOI?

If your business is a corporation, LLC, or a similar entity created in the U.S., you’re likely required to file. Exceptions are limited, so don’t assume you’re exempt. Visit FinCEN’s official BOI page to confirm your obligations.

How to Get It Done

1. Gather the Required Info: This includes names, addresses, birth dates, and identification details (like a driver’s license) for all beneficial owners.

   
   

2. Go Online: Head to boiefiling.fincen.gov and file your report.

   
   

Don’t wait—delays could mean penalties. Protect your business by filing today! Have questions? Check out FinCEN’s Small Entity Compliance Guide for step-by-step help.

👉 File now and breathe easy in 2025! Your future self will thank you.