The Financial Crimes Enforcement Network (FinCEN) now requires all applicable businesses to file a Beneficial Ownership Information (BOI) report under the Corporate Transparency Act (CTA). Minority BZ, Inc. is here to help you navigate this critical process and avoid costly penalties for non-compliance.
Severe Penalties for Non-Compliance
Failing to meet the BOI reporting deadline or submitting inaccurate information could result in serious consequences for your business:
- $500 per day in civil penalties for late filings, which can accumulate quickly.
- Up to $10,000 in fines or up to 2 years in prison for willfully failing to file.
These penalties are significant and can quickly escalate, putting your business at risk. It is crucial to ensure that your BOI report is filed correctly and on time.
Why You Must File Your BOI Report
If your business has filed formation documents with the Secretary of State or a similar office, you are required to report your beneficial owners to FinCEN. Compliance is mandatory to avoid the severe penalties mentioned above. By filing your BOI report on time, you ensure that your business remains compliant with federal regulations and protected from unnecessary legal and financial risks.
How Minority BZ, Inc. Protects Your Business
At Minority BZ, Inc., we specialize in handling the BOI reporting process, ensuring your business stays compliant without stress. Our services include:
- Collecting all required information about your business and beneficial owners.
- Accurately filing your BOI report with FinCEN on time.
- Ensuring full compliance with federal regulations to protect your business from penalties.
Payment Requirements
To ensure the accuracy and timeliness of your BOI report, all fees must be paid upfront before we begin the reporting process. Payments are made directly to Minority BZ, Inc.’s business account following the instructions we provide.
Why Work with Minority BZ, Inc.?
- Expertise in Compliance: Our team understands the complexities of FinCEN’s BOI reporting requirements, saving you time and reducing your risk of costly errors.
- Peace of Mind: We handle the entire process, ensuring your business remains compliant while you focus on what matters most—growing your business.
- Guaranteed Accuracy: We file your report on time and ensure that all regulatory requirements are met, protecting you from penalties.
Need Urgent Assistance?
If you’re close to a deadline, we offer expedited filing services to ensure your report is submitted on time. Contact us immediately for fast and reliable processing.
Take action today to avoid steep penalties and ensure your business remains compliant. Let Minority BZ, Inc. handle your BOI reporting and safeguard your business from the serious consequences of non-compliance.
To speak with a representative please contact (404) 620-0793 or email JenPowers@minoritybzhub.com