BOI SERVICES, LLC

We have developed a cost effective solution to help businesses comply with the requirements of the Corporate Transparency Act (CTA), monitor the CTA for potential changes, identify reportable events within your organization and avoid costly penalties and legal expenses. What business owners need to know: • Most small and medium sized businesses are required to file a Beneficial Ownership Information (BOI) report by 12/31/24 • Businesses must determine which individuals in its organization are subject to the CTA • Any changes to a previously filed BOI must be updated in a timely fashion • BOI's must be filed and updated within specific timeframes to avoid penalties and fines • Businesses should implement procedures to ensure ongoing compliance with the CTA • Failing to comply can result in a civil penalty of up to $500 per day, a fine of up to $10,000 and 2 years imprisonment