Yes, unless exempt. Even solo-owned entities must report beneficial owners.
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×BOI Report
Starting in 2024, millions of businesses must file a Beneficial Ownership Information (BOI) Report with the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN). Non-compliance risks $500/day fines and criminal charges. At HOF Tax & Accounting LLC, we simplify BOI reporting for LLCs, corporations, and entities, ensuring accurate submissions, secure data handling, and full compliance with the Corporate Transparency Act (CTA). Don’t gamble with federal mandates—let experts safeguard your business.
What is the BOI Report?
The BOI Report requires businesses to disclose beneficial owners—individuals who own/control 25%+ of the company or have substantial influence. Enacted under the CTA, this law combats financial crimes like money laundering and tax evasion. Key details:
Our BOI Reporting Services
Navigating FinCEN’s rules requires precision. Our BOI compliance experts handle every step:
Don’t risk fines or legal nightmares. HOF Tax & Accounting LLC offers:
Risks of Non-Compliance
The CTA imposes severe penalties for missed deadlines, errors, or false information:
Helpful Faq
Yes, unless exempt. Even solo-owned entities must report beneficial owners.
File if active on/after January 1, 2024. Dissolved entities before this date are exempt.
Yes, but errors are common. Our team ensures accuracy and avoids costly mistakes.
FinCEN stores data in a non-public, secure database accessible only to authorized agencies.
At HOF Tax & Accounting LLC, we are committed to delivering top-quality tax and financial services with precision and professionalism.
