With the new Beneficial Ownership Reporting requirements from the Financial Crimes Enforcement Network (FinCEN), there’s a new compliance rule every U.S. business needs to know about. But don't worry—while this new requirement may seem tedious, it doesn't have to be a headache. We make the process simple, fast, and stress-free so you can focus on running your business!
Many companies are required to report information to FinCEN about the individuals who ultimately own or control them. Fincen is a Government agency who began accepting reports on Jan 1, 2024*
With the new Beneficial Ownership Reporting requirements from the Financial Crimes Enforcement Network (FinCEN), there’s a new compliance rule every U.S. business needs to know about. But don't worry—while this new requirement may seem tedious, it doesn't have to be a headache. We make the process simple, fast, and stress-free so you can focus on running your business!
Many companies are required to report information to FinCEN about the individuals who ultimately own or control them. Fincen is a Government agency who began accepting reports on Jan 1, 2024*
Why This Matters
Beneficial Ownership Reporting is all about transparency. It’s designed to prevent money laundering, tax evasion, and other illegal activities. If you’re operating a business in the U.S., you likely need to comply—especially if you're a corporation, LLC, or a similar entity. And the stakes are high. Missing deadlines can cost you up to $500 per day, and criminal penalties could reach $10,000 and two years of imprisonment.
*FinCEN predicts that reading and filling out the beneficial ownership information report may require as much as three hours per entity.
So, How Can We Help?
We offer a streamlined service that ensures you're fully compliant without the stress. Here’s what we do:
We gather all the necessary details about your business and beneficial owners (no endless paperwork for you).
We handle the secure electronic filing with FinCEN, so you don’t have to navigate the complicated system.
We keep you on track with deadlines, ensuring you don’t face costly penalties.
⚠️ WARNING: Miss This Deadline, Face $500 Fines PER DAY! ⚖️ Jail Time & $10,000 Penalty Possible! ⏳ Act NOW Before It’s Too Late!
Why Choose US?
We’ve helped thousands of new businesses streamline this process, saving them valuable time. Let us take the hassle off your plate, so you can focus on what matters most—running your business.
Hassle-Free Process: We handle everything. No attorneys, CPAs, or confusing forms.
Deadline Reminders: Never worry about missing a deadline—we’ll remind you well ahead of time.
Affordable & Fast: You won’t spend hours or big bucks complying. We get it done quickly and efficiently.
FINCEN ALLIANCE
Whether you're an existing business with a deadline looming or a new startup that needs to file in the next 90 days, we’ve got you covered. Don’t risk the steep fines and legal troubles. Let us handle the compliance so you can focus on growing your business. Ready to simplify your Beneficial Ownership Reporting?
Fincen Alliance is proudly Headquartered in Miami FL
We securely transmit your data to eliminate any potential errors or security risks.
Founded by industry experts with decades of experience, we partner with U.S. organizations to educate, guide, and simplify compliance.
Frequently Asked Questions
What is the Corporate Transparency Act (CTA)?
The Corporate Transparency Act (CTA) is a law that requires certain entities to file Beneficial Ownership Information (BOI) reports with the U.S. Department of Treasury's Financial Crimes Enforcement Network (FinCEN). The CTA's goal is to prevent and combat money laundering, tax fraud, terrorist financing, and other illegal activities.
The CTA applies to: Corporations, Limited liability companies (LLCs), and Other entities formed or registered to do business in the United States.
The CTA focuses on smaller and medium-sized legal entities, including shell companies, that are not subject to supervision by other regulatory agencies. The CTA also provides exemptions for 23 types of businesses, including banks, credit unions, insurance companies, and large operating companies.
When does the Corporate Transparency Act come into effect?
The Corporate Transparency Act (CTA) came into effect on January 1, 2024.
What information is required for beneficial Ownership Reporting?
A beneficial ownership information (BOI) report includes the following information:
* Beneficial owners: The name, date of birth, residential or business address, and a unique identifier for each beneficial owner. The unique identifier can be a driver's license or passport number, but not a social security number.
* Business: The name, address, registered agent, and tax ID number for the business.
* Filing type: Whether the filing is initial, a correction, or an update.
* Company applicants: For newly created businesses, information about company applicants.
A beneficial owner is someone who owns or controls at least 25% of a company's ownership interest, or who exercises substantial control over the company.
To verify the accuracy of the information, the reporting company must use reliable and independent documents or electronic data.
What does "beneficial owner" mean?
A beneficial owner is a person or entity that owns or controls a legal entity, such as a company, property, or trust, even if the legal title is in someone else's name. Beneficial owners can be identified through direct or indirect ownership of a company's shares or voting rights, or through other means of control.