Beneficial Ownership Filing

First Option Bank is collaborating with Wolters Kluwer to offer you BizFilings Beneficial Ownership reporting solution

As of January 1, 2024, the Corporate Transparency Act is in effect. Small businesses are required to file Beneficial Ownership Information (BOI) reports with FinCEN.

 

 

What is the Beneficial Ownership Information report & the Corporate Transparency Act?

BOI reporting is part of the Corporate Transparency Act that Congress passed in 2021 to crack down on money laundering, financing of terrorism, tax fraud and other illegal acts. The BOI report will contain personal identifying information about a company's beneficial owners that will be filed with FinCEN - the U.S. Department of Treasury's Financial Crimes Enforcement network.

Beneficial Ownership Information Report Resources: 

Use BizFilings' quiz to help determine your filing status. Walk through a series of questions designed to help businesses like yours understand their potential reporting status. Use our quiz to better understand your reporting status today.