Beneficial Ownership Information (BOI filing)

Filing Deadline is 01/01/2025

If you own an LLC, Corporation or S-Corporation, there is a new federal reporting requirement known as Beneficial Ownership Information (BOI)

Failure to file can result in civil penalties of $591 per day up to $10, 000 and criminal penalties up to two years in prison.

Excluded entities must meet several criteria including but not limited to:

• More than 20 full-time employees
• Operating presence in the United States
• Gross receipts from US source more than $5 million

For more information on filing requirements, eligibility, and exemptions please visit https://www.fincen.gov/boi

Our CPAs can assist you in preparing the BOI filing or determining if you are exempt.
For information on our prices to file please give our office a call at 732-636-4400 to schedule an appointment