As Beneficial Ownership Information (BOI) reporting requirements continue to evolve, Henry Kulik CPA (or Ash CPA) is here to provide you and your clients with the expertise needed to navigate these new regulations seamlessly. Our Comprehensive BOI Protection Plan is designed to offer you peace of mind from start to finish.
What Our Protection Plan Includes:
$1,000,000 BOI Filing Defense If you receive a notice or inquiry from FinCEN regarding your BOI filing, our plan provides up to $1,000,000 in services, ensuring you get the professional assistance needed to reach a resolution efficiently.
- Compliance Assurance: We help ensure your business meets the latest federal mandates without the stress of navigating the regulations alone.
- Secure Submissions: Submit your information securely with expert guidance from our experienced team.
Key Points About BOI Requirements:
- Anyone who willfully violates these requirements may face civil penalty fines of $591 per day for each day the violation remains unresolved.
- The rule applies to domestic and foreign reporting companies:
- Domestic Reporting Company: Corporations, Limited Liability Companies (LLCs), or any entity created by filing with a secretary of state or similar office under the laws of a state or Indian tribe.
- Foreign Reporting Company: Corporations, LLCs, or other entities formed under the law of a foreign country and registered to do business in the U.S. through a filing with a secretary of state or similar office.
Who Must File?
FinCEN’s rule encompasses entities such as Limited Liability Partnerships (LLPs), Limited Liability Limited Partnerships (LLLPs), Business Trusts, and most Limited Partnerships (LPs), as these are typically created through state filings.
Important BOI Reporting Deadlines:
- New Businesses Formed On or After January 1, 2024: File within 90 days of business formation.
- Existing Businesses Formed Before January 1, 2024: File before January 1, 2025.
- New Businesses Formed On or After January 1, 2025: File within 30 days of business formation.
Ensure Compliance with Expert Support
With the guidance of Henry Kulik CPA (or Ash CPA), you can confidently manage BOI reporting requirements and avoid costly penalties. Our team is dedicated to providing secure, professional assistance tailored to meet your business’s unique needs.
Get in touch today to learn more about our Comprehensive BOI Protection Plan and safeguard your business’s compliance.
