The Beneficial Ownership Information (BOI) filing requirement has been reinstated as of December 23, 2024, after a court ruling overturned the prior injunction. Businesses that fail to comply face penalties of up to $591 per day.
Updated Deadlines
- Pre-2024 Existing Companies: File your BOI report by January 13, 2025.
- Newly Registered Companies (September 4–December 23, 2024): Adjusted deadlines apply; check your requirements.
- Disaster Relief Cases: Extended deadlines may apply based on eligibility.
What This Means for You
If your business is not exempt from filing, you must act quickly to comply with the reinstated regulations. Begin by collecting identification documents for anyone with 25% ownership or substantial control in your company.
We’re Here to Help
Navigating the reinstated BOI requirements can be overwhelming, but our team is ready to assist. We use FincenFetch, a secure tool that streamlines the process and ensures compliance.
Contact us today at (248) 564-1410 or email us at admin@capocore.com to file your BOI report and avoid costly penalties.