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Stay Compliant with a Beneficial Ownership Information Report
Don’t miss the newest mandatory business filing
File quickly, easily, and accurately
Let us navigate this new law so you don’t have to
Starting January 1, 2024, businesses will be required to report detailed information about their ownership. Get ahead of this upcoming mandate with our BOI report filing service.
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Protect your good standing with our Beneficial Ownership Information Report Service
Avoid Penalties
If you're an LLC, corporation, or foreign entity registered in the United States, you likely need to file a BOI report. Companies that fail to comply could face fines of up to $500 per day.
Get Ahead of the Deadline
Take care of this requirement now, so you don’t have to remember in 2024. We’ll monitor any changes, comply with your company’s precise obligations, and get ready to file before this law even goes into effect.
Leave it in Expert Hands
Avoid errors trying to satisfy this brand new law. Join the 300,000+ businesses that have trusted us to keep them compliant with government regulations.
Focus on Your Business
Our team handles all the paperwork so staying compliant can be the easy part of running your business.
How it works
Pre-order your beneficial ownership information report and we’ll send you a few questions to answer before filing.
Lock in your BOI report for $100 now before the price increases to $150 when the law goes into effect January 1, 2024.
Fulfill Your Legal Obligation
All companies formed before 2024 will have one year starting from January 1st to disclose their beneficial ownership information. Businesses formed after this will have 30 days to comply with these reporting regulations.
Accuracy Guaranteed
Our filings are guaranteed to be 100% accurate. If you’re not satisfied, inform us for a full, timely refund.
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The Swyft Filings team answered all of our questions so promptly and satisfied all the legal documents we needed to get up and running as quickly as possible. It was a huge stress-reliever, and we would recommend your services over and over again.
Kimberly and Caila BrigandiCo-Owners, Gandi Girls Boutique
As small business owners, we often feel insignificant to those outside of our demographic. When a company like Swyft Filings steps up to help small businesses — it makes a huge difference!
Tobe CarberryOwner, Haven4Hoops
Having a partner like Swyft makes that part of starting your business easy and provides a level of comfort in navigating the state and federal filings. So if there are any issues with your filings, Swyft is on top of it and working with you to navigate solutions.
James AdamsCo-Owner, Pearland House Concerts
Frequently Asked Questions
Still have questions? Call 877-777-0450 or Live Chat with us for real-time support.
What is a Beneficial Ownership Information (BOI) Report?
A BOI Report outlines the ownership and control structure of a business, providing transparency about individuals who ultimately own or substantially control the entity.
What is Beneficial Ownership?
Beneficial ownership refers to the individuals who own, control, or receive benefits from an entity, regardless of whether their names appear on official documentation. These individuals might exercise significant control over the company's operations, decision-making, and financial matters. Beneficial ownership is a critical concept in various industries to promote transparency, prevent financial crimes, and ensure accountability within businesses.
What is the Corporate Transparency Act (CTA)?
The CTA is a federal law requiring certain businesses to report their beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN) to prevent money laundering and fraud.
How often do I need to file a BOI Report?
Companies established prior to 2024 will have a year from January 1st to disclose beneficial ownership information, while those formed afterward will have 30 days from the date of formation to comply with reporting rules. Updated reports are necessary if there are changes in ownership or eligibility for exemptions.
What are the consequences of not filing a BOI Report on time?
Failure to file a BOI Report on time can result in substantial civil and criminal repercussions. Delays or inaccuracies in reporting under the CTA could lead to civil penalties of up to $500 per day for ongoing violations, and individuals might face criminal penalties including imprisonment for up to two years and fines of up to $10,000.
Who is required to file a BOI Report under the CTA?
Entities that fall under the definition of a "Reporting Company," including corporations, LLCs, and foreign entities registered to do business in the U.S., generally need to file BOI Reports.
Are there exemptions from filing BOI Reports?
Yes, exemptions exist for various entities like heavily-regulated financial institutions, tax-exempt organizations, inactive businesses, and others meeting specific operational criteria.
What information needs to be disclosed in a BOI Report?
A BOI Report typically requires disclosing the names, addresses, birthdates, and ownership percentages of individuals who directly or indirectly control the business.
Can I file BOI Reports on my own, or do I need professional assistance?
While some businesses might manage filing themselves, the complexities of compliance make professional assistance advisable to ensure accuracy and adherence to deadlines.
What are the benefits of using a service for BOI reporting?
Using a service ensures accurate and timely submissions, helps navigate exemptions, and minimizes the risk of errors and penalties.
