The FinCEN Beneficial Ownership Information requirement, part of the Corporate Transparency Act effective January 2024, mandates businesses to report their beneficial ownership by January 2025 to combat illicit activities and ensure compliance. This aims to improve federal oversight, prevent money laundering, and promote fair business practices. All new businesses must file their BOIR within 30 days of formation and all existing businesses must file by January 2025.
Schedule a ConsultationWe have developed a user-friendly client portal that is tailored to help you manage your BOI filing needs. Through our portal, we walk you through each stage of the filing process ensuring that you understand and provide the necessary information. Once you have uploaded all of the required information, we will review your submission and complete your filing on your behalf. Through our portal, you will be able to monitor the progress of your filing so that you are staying up to date on the status of your filing.
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This new mandate can be confusing and distracting for business owners focused on growth, with noncompliance leading to severe penalties. Veraleo Capital Partners' service simplifies compliance, helping customers meet this requirement promptly. By answering a few questions about the business's ownership, Veraleo Capital Partners creates a custom report that meets the reporting requirements and files it directly with FinCEN, providing confirmation upon submission, thus saving time and reducing the risk of penalties.
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