What is the BOI Reporting Rule and Why is It Important?
The Beneficial Ownership Information (BOI) Reporting Rule is a new federal regulation requiring most companies to disclose information about individuals who own or control a business to the Financial Crimes Enforcement Network (FinCEN). This rule aims to combat financial crimes such as money laundering and fraud by increasing transparency about company ownership.
If your business was created or registered in the U.S. before January 1, 2024, you are required to file your BOI report by January 1, 2025. Failing to comply can lead to substantial daily penalties of up to $591 per day, which can quickly add up. Protect your business from these unnecessary penalties by ensuring your BOI report is filed on time.
Why Choose The Breukelen Group for Your BOI Filing?
At The Breukelen Group, we understand the importance of compliance and offer a seamless, stress-free process to complete your BOI filing. By choosing us, you ensure that your filing is done correctly and on time, so you can focus on running your business without worrying about legal consequences.
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Take the next step and secure your BOI filing today with The Breukelen Group. Our experienced team is ready to guide you through the process effortlessly.
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