Hassel-Free Beneficial Owenership Filing
Stay compliant with the latest regulations and file your BOI with ease.
Avoid Penalties and Fines
At Kojo Consultants, we’re ready to guide you through the BOI process and ensure that your business meets all its regulatory obligations. Fines can be up to $500 Daily!! Don’t let compliance fall through the cracks—schedule a consultation with us today and let our team of experts handle your BOI filing with accuracy and efficiency.
The Key Benefits to working with us to complete your BOI filing include:
Expert guidance through the BOI filing process
Ensure accurcay and avoid costly penalties
Timely submissions to keep your business compliant with federal regulations
What is BOI and Why is it Important?
Beneficial Ownership Information (BOI) is a federal requirement designed to increase transparency in business ownership. BOI filing mandates that companies disclose information about individuals who have a significant stake or control in the company, referred to as beneficial owners. The goal is to prevent financial crimes such as money laundering and tax evasion by making it harder for individuals to hide behind shell companies.
The Financial Crimes Enforcement Network (FinCEN) is responsible for implementing and regulating BOI filings. This regulation applies to most corporations, limited liability companies (LLCs), and other similar entities registered in the U.S. This means YOU!!
Who Is Considered a Beneficial Owner?
A beneficial owner is anyone who directly or indirectly owns 25% or more of a company’s equity or exercises significant control over the business. This could include:
Owners or shareholders with a substantial stake in the company
Individuals with the power to make major financial decisions
Key executives with decision-making authority
If your business fits the criteria, you are legally required to disclose information about each beneficial owner. This includes details like their name, address, date of birth, and a unique identifier such as a passport or driver's license number.
Why Is BOI Filing Required?
BOI filing is required as part of a larger effort by the U.S. government to combat financial crimes. By requiring businesses to disclose information about their beneficial owners, FinCEN aims to:
Increase transparency in business operations
Make it more difficult for individuals to hide assets
Strengthen the government’s ability to investigate and prevent money laundering, tax evasion, and other illegal activities.
At Kojo Consultants, we specialize in BOI filing and regulatory compliance. We know that handling BOI registration can be complex and time-consuming, which is why our team is here to make the process as smooth as possible for your business.
By working with us, you can ensure that:
All required information is accurately reported: We will handle the collection and submission of all beneficial ownership information, ensuring that nothing is missed and that everything is compliant with FinCEN’s regulations.
Deadlines are met: We stay on top of filing deadlines so you don’t have to worry about late submissions or the fines that come with them. Whether you’re a new business or an established company, we’ll ensure your filings are submitted on time.
Your business avoids costly penalties: Non-compliance can lead to heavy fines, and in some cases, even criminal charges. Our team will help you stay compliant, giving you peace of mind and allowing you to focus on running your business.
Deadlines and Fines
The deadlines for BOI filing are fast approaching, and it’s crucial to act now to avoid fines and legal complications. Whether your business is newly registered or has been operating for years, compliance with FinCEN’s BOI regulations is a legal requirement that cannot be overlooked.
Fines up to $10,0000
Failing to meet the BOI reporting requirements can result in fines up to $500 per day, and/or criminal penalties that include fines of up to $10,000 and imprisonment.
Deadlines are fast approaching
The deadline for BOI filings is crucial. Newly formed entities must file within 30 days of registration, while existing companies have until January 1, 2025 to comply. Any changes to beneficial ownership must be reported within 30 days of the change.
Get Started Today
Contact Kojo Consultants now to get started, or schedule a consultation to learn more about how we can help your business stay compliant with BOI regulations.
Connect
470.851.4820
info@kojoind.com
Here's what our customers say
"The team at Kojo Consultants went above and beyond to ensure my accounts were in order. Their proactive approach has saved me both time and money."
- Jessica Miller
"I’ve worked with many financial professionals, but Kojo Consultants stands out. They’re responsive, detail-oriented, and always deliver exceptional results."
- Brian Walker