FinCEN BOI Report Info Package

1. What is FinCEN BOI Reporting?

   • FinCEN BOI reporting is a new requirement under the Corporate Transparency Act, which mandates certain businesses to disclose information about their beneficial owners to the U.S. government.

2. When is the FinCEN BOI Report due?

   • January 13, 2025, for companies started before January 01, 2024 or
   • Companies that have started after January 01, 2024 have 30 days after initial registration with the state.

3. Who is required to file a FinCEN BOI report?

   • Generally, corporations, LLCs, and other similar entities formed or registered to do business in the United States are required to file.

4. What information needs to be reported?

   • The report must include the full legal name, date of birth, address, and a government-issued identification number for each beneficial owner.

5. What are the penalties and potential fees if not reported?

   • $500 per day after deadline; up to $10,000
   • Up to two years of jail time

The BABWJP FinCEN BOI Report Info package:

• ✅ Full FinCEN BOI Report Instructions
• ✅ Step-by-step guide
• ✅ Daily Live Walk Through Support