We make filing easy
Peace of mind that your reports are filed accurately and on time.
More time to focus on your business.
Resources crafted by our CTA compliance experts at your fingertips.
Easy-to-use software to manage required updates.
Why file your BOI reports?
The goal is to fight against financial crime, money laundering and illicit financial activities by enhancing transparency through the Financial Crimes Enforcement Network (FinCEN).
The Corporate Transparency Act (CTA) went into effect on January 1, 2024, requiring millions of entities, including LLCs, corporations, and trusts to file BOI Reports that disclose specific information about their beneficial owners.
Entities are required to submit “initial reports” by the end of the year, and going forward must also submit “updated reports” within 30 days of any changes in information about beneficial owners.
Complying with this new requirement means
Identifying those who need to file.
Collecting all relevant information.
Keeping that information up to date as your business changes.
What happens if I don’t file in time?
Entities and/or individuals that violate reporting requirements may face fines or criminal penalties up to:
$500 per day, for each day the report is not submitted.
Imprisonment for up to two years.
Fines of up to $10,000
Are YOU considered a beneficial owner?
A beneficial owner under the Corporate Transparency Act are individuals that, directly or indirectly, have ownership interest or exert substantial control over the reporting company.
Ownership Interest
Has a minimum of 25% ownership interest in the reporting company.
Substantial Control
The three ways an individual falls under this category:
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Senior Officers
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Appointment or Removal Authority
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Decision-Making Powers
We’re here to handle everything for you.
The most flexible and convenient way to file your BOI reports.
All of your data
In one place
We know how tough it is to run a business, so we’re here to make things easy for you.
Step 1
We help you provide your basic company information.
Step 2
We gather your data in one place and securely file.
Step 3
Get proof of your completed filing and manage any future updates with ease.
Avoid the penalties without breaking a sweat.
Click "Help Me File" For Early Access.
Stay on top of the latest updates from our team of CTA experts and be ready to file before everyone else.
Jonathan Bohannon
Freidel & Associates engineered for us a creative solution to a unique and decades-old business structuring issue that other professionals were unable to solve. Their team did it with candor, empathy, and professionalism.
They work with speed, efficiency, and professionalism. Their goal is to protect clients and save them money, something I have experienced first-hand. Highest recommendation.
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Why work with us?
We provide world-class expertise and nimble service to help you solve your greatest financial and compliance challenges.
On the cutting edge of Beneficial Ownership Information (BOI) Reporting.
Ready to guide you every step of the way, whether your a business pro, or just getting started.
Extensive multi-disciplinary background working with estate planning, mergers, acquisitions, divestitures, C corporations, S corporations, trusts, accounting methods, entity choice and formation, international tax, state and local taxation.
File your report RIGHT, the first time.
Your filing will be a breeze
100%
Money Back Guarantee!
We Guarantee That:
If for any reason your reports are not filed with 100% accuracy based on the information you provide, Freidel & Associates will either file corrective reports to fix the error at no cost to you, or refund 100% of the your fees, up to $1,500.
*Freidel & Associates guarantees the accurate completion of the BOI reporting for its clients based on the client inputs and the client's management representation letter.
FAQ
Frequently Asked Questions
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What is the Corporate Transparency Act?The CTA or Corporate Transparency Act is part of the National Defense Authorization Act. Its goal is to fight against financial crime, money laundering, and illicit financial activities by enhancing corporate transparency through beneficial owners and company applicant reporting to the Financial Crimes Enforcement Network (FinCEN). The Beneficial Ownership Information (BOI) final rule is what outlines filing requirements of qualifying entities – reporting companies – to file certain information about themselves and their owners to FinCEN.
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What individuals need to be reported on a company’s Beneficial Ownership Information Report (BOIR)?Beneficial owners Company applicants (if the company was formed or first registered to do business in the U.S. in 2024 or later)
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Who qualifies as a beneficial owner?A beneficial owner under the CTA falls under 2 categories: An individual who has a minimum of 25% ownership interest in the reporting company, meaning they directly or indirectly hold a significant share of the company. An individual who exercises substantial control over the reporting company. Here are the three ways one falls under this category They are a senior officer. An individual serving as a senior officer of a reporting company, such as a president, CEO, COO, CFO, or individuals with similar functions. They have appointment or removal authorities of certain personnel. An individual with the authority to appoint or remove any senior officer of the board of directors or a similar body within the reporting company. They have substantial decision-making powers. An individual with the power to direct, determine, or substantially influence important decisions made by the reporting company. Regarding business, financial, or structure of the entity.
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Who is a company applicant?The term company applicant refers to individuals who directly file the document that creates the reporting entity or, in the case of a foreign reporting company, the individual who files the document to first register the entity for business in the United States. It also includes individuals primarily responsible for directing or controlling the filing of the relevant document by another party. Company applicants are often lawyers and/or paralegals, and there can be no more than 2 company applicants on a single Beneficial Ownership Information Report (BOIR). Company applicants are only required to be reported on a BOIR if the entity in question was created on or after January 1, 2024.
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What information about individuals will be reported on a company's BOIR?There are 5 pieces of information that will need to be reported to FinCEN about a beneficial owner (and company applicant if applicable): Full legal name Date of birth Current residential address (company applicants may use the business street address of where they practice). Unique identifying number from one of the following nonexpired, acceptable documents: U.S. passport State, local, or Tribal identification document State-issued driver's license If an individual lacks all three kinds of documents above, then a foreign passport can be reported
