Stay ahead of new regulations with our expert help. Effective January 1, 2024, the Corporate Transparency Act (CTA) mandates crucial reporting requirements for many U.S. and foreign businesses, including corporations and LLCs. This act requires these entities to report Beneficial Ownership Information (BOI) to the Financial Crimes Enforcement Network (FinCEN). The objective is to help U.S. law enforcement combat illegal activities such as money laundering and terrorism financing by mandating disclosure of the names, addresses, and significant control interests of beneficial owners.
Importance of Compliance Non-compliance with the BOI reporting requirements can lead to severe penalties, including both criminal and civil charges. Proper adherence to these regulations is essential not only for legal compliance but also to safeguard your business from potential risks and penalties.
How We Help Bement & Company is here to ensure that your BOI reporting is handled professionally and efficiently. Our services guarantee:
Accuracy: We double-check all details for correctness to ensure that every report is error-free.
Timeliness: We manage all reporting deadlines to ensure compliance is achieved without any rush.
Adherence to Regulations: Our deep understanding of regulatory requirements ensures that your filings meet all federal standards.
There is a service fee of $200 that is charged upon completion of the necessary documentation. This fee encompasses the full scope of the BOI reporting process, from initial data collection through to final submission to FinCEN.
Let Bement & Company take care of your BOI reporting requirements so you can concentrate on running your business.
