FinCEN Reporting Partner Software Reporting Platform

The Corporate Transparency Act reporting applies to over 30 million companies with the majority of these companies likely seeking assistance from their accountant or law firm to help them navigate the process.

Our platform transforms the laborious task of ensuring compliance with the Corporate Transparency Act into a seamless process for firms. With FinCEN Reporting, managing beneficial ownership information reporting becomes effortless. Our secure platform coordinates the entire process efficiently.

70%+ Profit Margin Opportunity!

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FAQ

How does the Corporate Transparency Act contribute to preventing financial crimes?

By requiring businesses to disclose their beneficial ownership information, the Corporate Transparency Act helps authorities in detecting and preventing financial crimes such as money laundering. This transparency makes it more difficult for criminals to hide illicit activities behind opaque corporate structures, thus enhancing accountability and security in the financial system.

How is beneficial ownership information used and stored?

Beneficial ownership information reported to the Financial Crimes Enforcement Network (FinCEN) is stored in a centralized database. This database is accessible to authorized users for specific purposes outlined by law, such as law enforcement investigations and national security efforts. The information is used to enhance transparency, combat financial crimes, and protect against illicit activities like money laundering. Access to this information is tightly regulated to ensure privacy and security.

What Companies Must Report?

Businesses with less than 21 employees OR less than $5M in sales are required to perform beneficial ownership information reporting to the financial crimes enforcement network (FinCEN) in order to avoid criminal and civil penalties.

That is, unless you are exempt! Find our more about which companies are exempt from this reporting below.

Am I Exempt?

Reporting Due Date

For companies created prior to January 1, 2024, you have until January 1, 2025 to submit your Beneficial Ownership Information Reporting.

For companies after January 1, 2024, and before January 1, 2025, you have 90 calendar days to make your filing to FinCEN.

For companies created after January 1, 2025, you will have 30 calendar days from actual or public notice that the company’s creation or registration is effective to your make your filing.

What is the purpose of BOI reporting?

what if my reporting is late?

About Us

Our company was founded in 2015 to address new compliance regulations required under the Affordable Care Act. Over the years the compliance burden of companies continued to grow, and our organization has evolved to meet the needs of our clients and partners. Over the years we have learned a thing or two while servicing 15,000+ compliance clients, as well how to integrate and support our partners in serving the needs of their third-party clients.

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