October 20, 2024
We ensure that filing your beneficial ownership report will be a stress-free experience for you. We handle all the complicated paperwork, while you sit back and focus on your business.
Our experienced team helps you to file your BOIR faster and timely.
Get customized assistance to determine your beneficial owners and successfully file the report.
Stay in compliance by filing BOIR timely and accurately to mitigate any legal risk for your company.
By fulfilling all legal obligations, you can protect your personal credibility as well as your company in the US for future ventures.
From defining your beneficial owners to drafting filing documents, our expert team will assist you throughout the whole process.
Provide necessary information about your company and its beneficial owners.
Our business specialists will handle all necessary paperwork and file your BOIR directly with the FinCEN.
Once the process is completed, you will receive a formal proof of submission and maintain your compliance.
We gathered all commonly asked questions regarding the BOIR filing process below:
Beneficial ownership information return is a new requirement for all US companies (including LLCs and C-Corps) to notify the FinCEN regarding identifying information about the individuals who directly or indirectly own or control a company.
YES, if the company is;
a) A domestic reporting company which is incorporated in the US; or
b) A foreign reporting company which is not incorporated in the US but is registered to do business in the United States
NO, if the company is an exempt entity. You may access the full list of exempt entities here.
A beneficial owner is an individual who either directly or indirectly:
a) exercises substantial control over the reporting company, or
b) owns or controls at least 25% of the reporting company’s ownership interests.
There are severe penalties for failing to file the BOIR on time or providing inaccurate information;
a) Up to 2 years of jail time;
b) $500 per day until the violation is addressed; or
c) $10,000 fine.
No, they are not required to! Reporting companies must file an initial BOIR and updated or corrected reports, when needed.
The best decision I made was choosing Nucta Formations. The whole process becomes very convenient.
Nucta Formations team is exceptionally informed and responsive. Their commitment was evident from day one. Recommended!
Nucta Formations is more than a service provide; you gain a partner that is genuine in what they do.
Company's attention to detail and proactive approach removed all the stress associated with setting up our company overseas.
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