Beneficial Ownership Information Reporting -

EVERYTHING YOU NEED TO KNOW!

>> WHO NEEDS TO REPORT?

Your company may be a reporting company and need to report information about its beneficial owners if your company is:

  1. A corporation, a limited liability company (LLC), or was otherwise created in the United States by filing a document with a secretary of state or any similar office under the law of a state or Indian tribe; or

  2. A foreign company and was registered to do business in any U.S. state or Indian tribe by such a filing.

>> WHAT YOU NEED TO REPORT?

Information about its beneficial owners.

>> DOCUMENTS THAT NEED TO BE FILED ALONG WITH THE REPORT?

  • U.S. Driver’s License or

  • Identification Document Issued By A U.S. State Or Local Government or

  • Passport

***Additional information like the residency of the beneficial owner is also part of the requirements for filing this report ***

>> WHO WE NEED TO REPORT TO?

The Financial Crimes Enforcement Network (FINCEN).

>> WHO DOESN’T NEED TO REPORT?

Twenty-three types of entities are exempt from the beneficial ownership information reporting requirements. These entities include publicly traded companies, nonprofits, and certain large operating companies.

>> WHEN DO I NEED TO REPORT?

Reports will be accepted starting on January 1, 2024.

>> WHAT PENALTIES DO INDIVIDUALS FACE FOR VIOLATING BOI REPORTING REQUIREMENTS?

May be subject to civil penalties of up to $500 for each day that the violation continues.

That person may also be subject to criminal penalties of up to two years imprisonment and a fine of up to $10,000. Potential violations include willfully failing to file a beneficial ownership information report, willfully filing false beneficial ownership information, or willfully failing to correct or update previously reported beneficial ownership information.

>> JAMBRINA SERVICE FEE $ 250 >>

We are pleased to announce that we will be offering the service for Beneficial Ownership Information reporting. As part of our commitment to regulatory compliance and transparency, we understand the importance of accurately documenting and reporting beneficial ownership information.

Our dedicated team will work closely with you to ensure accurate and timely reporting, helping you meet regulatory requirements and demonstrate your commitment to maintaining a transparent business environment.

We recognize the significance of Beneficial Ownership Information reporting and are dedicated to supporting you in this crucial process. Should you have any questions or require further information, please do not hesitate to contact your team.

** If you are ready to move forward, please complete the form below. **

Regards,

Jambrina CPA