Business Compliance Consultation

Service Description

Stay Compliant with BOI and Annual State Requirements! $25 DEPOSIT DUE AT BOOKING WILL GO TOWARDS SERVICE OR COMPLIANCE FEES. DEPOSIT IS NON-REFUNDABLE As a business owner, ensuring your company complies with state and federal regulations is crucial for maintaining good standing and avoiding penalties. One key area of focus is Beneficial Ownership Information (BOI) compliance, as well as fulfilling annual state requirements. What is BOI Compliance? Beneficial Ownership Information refers to the requirement for businesses to disclose the individuals who ultimately own or control the company. This is part of efforts to increase transparency and combat financial crimes like money laundering and fraud. The Corporate Transparency Act (CTA) requires companies to report their beneficial owners to the Financial Crimes Enforcement Network (FinCEN) starting in January 2024. Failing to comply could result in severe penalties. Annual Compliance for State Requirements In addition to BOI compliance, most states have annual reporting requirements for businesses. This often includes: Filing annual reports or statements of information Paying annual fees Updating company records, including business address or officers These filings ensure your company remains active and in good standing with the state. Why is Compliance Important? Avoid Penalties: Missing deadlines or failing to comply can result in hefty fines, legal issues, or even dissolution of your business. Maintain Transparency: BOI compliance is vital for building trust with clients, investors, and regulatory authorities. Stay in Good Standing: Annual state requirements help ensure that your business continues to operate legally and avoid unnecessary complications.