BOI: mandatory
report to keep your US company compliant
Beneficial Ownership Information Reporting (BOI) is a federal requirement. Submitting it on time is essential to keep your American company’s documentation in order by avoiding fines and other penalties.
Globalfy helps you with this entire process, as well as providing other services, such as tax obligations – including Tax Season – and full bookkeeping support through our subscription plans.
Invest in your American company's growth
Globalfy’s subscription plans were made to handle the bureaucracy while you focus on growing your business. With our packages, in addition to BOI, you have tax deliveries and bookkeeping support. You will benefit from enhanced features and services.
By subscribing to the Essential plan, your company’s tax obligations are secured, including the Tax Season. As for Scale, our complete package, you will also rely on a bookkeeper to handle all your business banking transactions. Starter is a great option if you need support with key business formation and administrative matters.
Stop worrying about every new obligation your company needs to fulfill!
It’s a federal registration requirement that began on January 1, 2024. Most companies in the US will have to submit this report to the Financial Crimes Enforcement Network (FinCEN). This documentation gathers information about the company, its owners, beneficiaries, and claimants.
If you don’t submit the BOI report in time, you can be charged up to $500 per day until the document is submitted (this fine is capped at $10,000); The obligation to fill in this form is so serious that it can lead to imprisonment for up to two years if you don’t comply.
STARTER
ESSENTIAL
SCALE
*All plans include BOI
Do you want to hire just the BOI report?


You can purchase the report separately. It is important to note that if your business does not have a company as a member, the price is $199. If you have a company as a member, the investment is $299. The difference in pricing is related to the complexity of each document.
Please enter your email address registered on the platform to proceed with the purchase
Do you have any questions or need additional information?
Answers ready to solve your doubts
It is a new federal filing requirement. Starting January 1, 2024, most businesses in the U.S. are required to submit this report. This report requires information about your company, your company’s beneficial owners, and in some cases, your company applicants.
Â
This new filing is a part of the Corporate Transparency Act (CTA). This federal law was passed in order to help prevent and crack down on money laundering, tax fraud, terrorist financing, and other financially-focused illicit activity.
Â
Most private businesses in the United States are required to file a BOI report with FinCEN. If you own a corporation, LLC, or another entity created by filing a document with a Secretary of State (or similar local office), Indian tribe, or a foreign authority you are likely required to file a BOI report.
Company Information
- Type of report
- Entity name
- TAX ID
- Jurisdiction of formation
- Entity’s US AddressÂ
Beneficial Owner InformationÂ
Beneficial owners include anyone with substantial control over the company and anyone who owns or controls 25% or more of the company. You must provide the following for each of your company’s beneficial owners:
- Full legal name
- Date of birth
- Residential address
- Identification
Company Applicant InformationÂ
Companies formed on or after January 1, 2024 also need to list their company applicants. Companies can have up to two company applicants:
- the individual who directed or controlled the filing
- the individual who files the document that creates or registers a business
Your BOI report due date depends on when you originally formed or registered your company.
- Company formed or registered on or after January 1, 2024: Due within 30 days of forming or registering.
- Company formed or registered before January 1, 2024: You have until January 1, 2025 to file your report.
Based on the form provided by the Corporate Transparency Act (CTA), we should take around 1 hour to fill the information, and also by requesting the identification document to our customer, if we still don’t have it.
