2024 New Federal Law - Information Sheet

We invested the time and resources necessary to give you confidence in knowing that you have complied with this new law.

There are many scammers that will be ready to take your confidential identification information and documents under the premise that they are protecting you.   Let us take away that concern.

We are not a website front for a company of unknown people.  We have been here for years and will be here for you in the future. 

Not only do we file your initial report, but we also offer our service to make sure you stay compliant for all the years your family stays in business.

 We will be here for you.

ProTip: If a filing service refuses to show you where they are located and who they are - please do not give them your identifying information.

FinCEN has been notified of recent fraudulent attempts to solicit information from individuals and entities who may be subject to reporting requirements under the Corporate Transparency Act. The fraudulent correspondence may be titled "Important Compliance Notice" and asks the recipient to click on a URL or to scan a QR code. Those e-mails or letters are fraudulent. FinCEN does not send unsolicited requests. Please do not respond to these fraudulent messages, or click on any links or scan any QR codes within them.

 As reported on September 29, 2023, by the U.S. Department of the Treasury, Financial Crimes Enforcement Network:

"Designed to protect U.S. national security and strengthen the integrity and transparency of the U.S. financial system, the rule will help to stop criminal actors, including oligarchs, kleptocrats, drug traffickers, human traffickers, and those who would use anonymous shell companies to hide their illicit proceeds." 

The full text of the Press Release is provided in the link below.

There are two types of companies that must file a report.

1.  A domestic reporting company is a Corporation, Limited Liability Company (LLC), or any entity created by filing a document with a secretary of state or similar office under the law of a state or Indian tribe.
2.  A foreign reporting company is a Corporation, LLC, or other entity formed under the law of a foreign country that is registered to do business in any state or tribal jurisdiction by the filing of a document with a secretary of state or any similar office. 

FinCEN identifies 23 exemption categories. If an entity falls in one of those categories and meets specific exemption criteria, it does not have to submit a BOI report. The exemptions are:

• Securities reporting issuer
• Governmental authority
• Banks
• Credit unions
• Depository institutions holding company
• Money services business
• Broker or dealer in securities
• Securities exchange or clearing agencies
• Other Exchange Act registered entites
• Investment companies or investment advisers
• Venture capital fund advisers
• Insurance companies
• State-licensed insurance producers
• Commodity Exchange Act registered entities
• Public utilities
• Financial market utilities
• Pooled investment vehicles
• Tax-exempt entities
• Entity assisting a tax-exempt entities
• Large operating companies
• Subsidiary of certain exempt entities
• Inactive entities
• Public accounting firms registered in accordance with section 102 of the Sarbanes-Oxley Act of 2002 (15 U.S.C. 7212)

 - BE CAUTIOUS -

Just because you THINK you fall into one of those categories -YOU MAY NOT.  There are definitions and explanations of which companies really fall into those categories.

• Reporting companies created or registered to do business before January 1, 2024 - Initial BOI Report is due by January 1, 2025

• Reporting companies created or registered on or after January 1, 2024 and before January 1, 2025 – Initial BOI report is due within 90 days of the entity’s formation

• Reporting companies created or registered on or after January 1, 2025 – Initial BOI report is due within 30 days of the entity’s formation

UPDATED REPORTS: After the Initial BOI Report is filed, Updated Reports are due 30 days after certain change of information is made.

Each Company must provide:

• Full Legal Name
• Any Trade Name or DBA
• Complete Current Address
• State, Tribal, or Foreign Jurisidiction Information
• Internal Revenue Service TIN or EIN

Each Beneficial Owner (and Potentially Company Applicants) must provide:

• Full Legal Name
• Date of Birth
• Complete Current Address
• Unique Identifying Number and Issuing Jurisdiction and an Image of a U.S. Passport, State Issued Driver's License or Other Identifying Document Issued by a State, Local Government, or Tribe

- BE CAUTIOUS - 

*There are exceptions in some circumstances and Additional Information Needed in Some Circumstances

*If an individual has obtained a FinCEN Identifier and provided it to the reporting company, the FinCEN Identifier may be alternatively used.

You can file the BOI report on your own for free.

Some companies will not tell you that.

Our service is a service.  

We offer NATIONWIDE filings.

Your private information is encrypted for safety and security.

We will guide you through the entire process OR we will do it for you. 

 1. Do you need to file?

2. Are you exempt?

3. What does the company need to file?

4. What do the Beneficial Owners need to file?

5. When do you file an update?

6. Is your private information encrypted as it gets sent?

7. Does your Applicant need to file?

8. What if I start a new company? (You only have 90 days to file in 2024 and only have 30 days to file in 2025.)

9. Did you do it right?

We take the worry and headache off of your plate.

We will send reminders to make sure you don't miss important deadlines in the future.

We also offer:

Reinstatement if you have missed deadlines in the past.

Operating Agreements for your LLC

Corporate and LLC Minutes, Bylaws, and Resolutions

And Much More