FEDERAL BUSINESS LICENSING & REGISTRATION COMPLIANCE

Effective January 1, 2024, all US and foreign companies that were formed in, or have registered with any of the 50 US states, must comply with new Beneficial Ownership Information (BOI) reporting requirements with the Financial Crimes Enforcement Network (FinCEN), as prescribed by the Corporate Transparency Act (CTA.)

Beneficial Ownership Information (BOI) filing, a requirement under the Corporate Transparency Act (CTA) in the United States. This filing aims to combat money laundering and increase corporate transparency by requiring certain entities to report information about individuals who own or control them. Key Information for BOI Filing: Who Needs to File BOI? Corporations, LLCs, and other similar entities that are created in the U.S. or registered to do business in the U.S. Some exceptions apply, such as publicly traded companies, regulated entities, and inactive entities. What Information is Required? Entity Information: Legal name Address State of formation or registration Tax Identification Number (TIN) Beneficial Owner Information: Full legal name Date of birth Address Government-issued identification number (e.g., passport or driver’s license) Image of the identification document Who Qualifies as a Beneficial Owner? Any individual who directly or indirectly owns 25% or more of the entity. Anyone who exercises substantial control over the company, even if they do not own 25% or more. Filing Deadlines: New companies: Must file BOI information at the time of formation. Existing companies: Must comply with filing requirements by a deadline set by 01/01/2024. Penalties for Non-Compliance:

Failure to comply with BOI filing requirements can result in civil and criminal penalties, including fines of $591 per day uo to $10,000.

You will then receive an email from us to which you will respond to with your attached licence, ID or passport image attached for electronic upload. Your registration will be both received and in effect same day with the IRS office. You are then assigned a TIN (Tax Identification Number) before receiving your official document via email directly from our office.

We provide a service of registering our customer’s business filings for both new registrations and required government filings. The corporation registration and filings process is available with the official government office at a lower cost. Our business registration and filing service provides registration in both a timely manner and with professionalism. In addition we also have live chat support to answer all your questions.