Stay Ahead of the Curve: Meet Your Beneficial Ownership Information (BOI) Filing Requirements with Katz & Associates

Do you own or manage a corporation, LLC, or other business entity formed in the United States? If so, you need to be aware of the Beneficial Ownership Information (BOI) reporting requirements mandated by the Corporate Transparency Act (CTA). These regulations require most companies to file a report with the Financial Crimes Enforcement Network (FinCEN) disclosing information about their beneficial owners.

Recent Changes to the Deadline:

While the initial deadline was stayed due to a federal case ( Financial Crimes Enforcement Network (FinCEN) v. League of Women Voters of the United States ), a recent ruling has lifted that stay. The new deadline for filing your BOI report is January 13, 2025.

Don't Miss the Deadline!

Failing to comply with BOI reporting requirements can result in significant penalties, including hefty fines and potential legal issues. Katz & Associates is here to help you navigate these complex regulations and ensure your business stays compliant.

How Katz & Associates Can Help:

Our experienced attorneys provide comprehensive BOI filing services, including:

• Gathering the Necessary Information: We'll help you identify your company's beneficial owners and collect all the required information for the BOI report. This includes obtaining identifying information such as names, addresses, dates of birth, and identification document numbers for each individual who exercises substantial control over your company.
• Preparing the BOI Report: We'll accurately and efficiently prepare your BOI report, ensuring it meets all FinCEN requirements and is submitted in the correct format.
• Filing with FinCEN: We'll handle the electronic filing process through FinCEN's BSA E-Filing System, ensuring your report is submitted correctly and on time.

Why Choose Katz & Associates?

• Fast Turnaround: We understand your time is valuable. We'll work efficiently to complete your BOI filing quickly and accurately, minimizing any disruption to your business operations.
• Personalized Service: You'll work directly with an experienced attorney who will provide personalized attention and guidance throughout the process, answering your questions and addressing your concerns.
• Attorney-Driven: Unlike online legal directories or automated services, your BOI filing will be handled by a knowledgeable attorney with expertise in business law and regulatory compliance. You can trust that your filing will be completed accurately and professionally.
• Cost-Effective: We offer competitive pricing for our BOI filing services, ensuring you receive high-quality legal assistance at a reasonable cost. Our fees for BOI filing services start at $135, which is significantly lower than the industry average. We believe in providing transparent and affordable legal solutions for businesses of all sizes.

Benefits of Compliance:

• Avoid Penalties: Avoid hefty fines, potential legal issues, and reputational damage associated with non-compliance. The penalties for failing to file a BOI report or providing inaccurate information can be severe, including fines of up to $500 per day and potential imprisonment.
• Protect Your Business: Maintain a good standing and reputation by demonstrating your commitment to legal compliance. Complying with the CTA shows your stakeholders that you are a responsible and trustworthy business.
• Focus on Your Core Business: Let us handle the complexities of BOI reporting so you can focus on what matters most: running your business. We'll take care of the legal details, allowing you to dedicate your time and energy to your core business activities.

The Importance of Professional Assistance:

The BOI reporting requirements can be complex and confusing, especially for businesses with complex ownership structures. Mistakes or omissions can lead to significant consequences. By working with Katz & Associates, you can have peace of mind knowing that your BOI filing is handled correctly and efficiently by experienced legal professionals.

Our Competitive Pricing:

Basic BOI Filing: $135

This package includes:

• Identifying Beneficial Owners: We'll guide you through the process of identifying all individuals who meet the definition of a beneficial owner according to the Corporate Transparency Act.
• Gathering Required Information: We'll help you collect the necessary identifying information for each beneficial owner, including their full legal name, date of birth, address, and identification document details.
• Preparing the BOI Report: We'll accurately complete the BOI report form, ensuring all information is entered correctly and meets FinCEN's requirements.
• Electronic Filing: We'll submit your BOI report electronically through FinCEN's BSA E-Filing System, ensuring timely and accurate submission.

Comprehensive BOI Filing: $450

This package includes all the services in the Basic package, plus:

• Assistance with Complex Ownership Structures: If your business has a complex ownership structure involving trusts, holding companies, or foreign entities, we'll provide expert guidance to ensure accurate reporting.
• Legal Advice on Compliance Issues: We'll offer legal advice on any questions or concerns you may have regarding BOI reporting compliance, helping you navigate any complexities and avoid potential pitfalls.
• Ongoing Support: We'll provide ongoing support and assistance even after your initial BOI report is filed. This includes keeping you updated on any changes to the regulations and assisting with any amendments or updates to your report as needed.

Contact Us Today:

Don't wait until the last minute to meet your BOI filing obligations. Contact Katz & Associates today for a free consultation and let our experienced attorneys guide you through the process.

About Katz & Associates:

Katz & Associates is a full-service law firm with extensive experience in business law, including entity formation, contract drafting and review, and regulatory compliance. We are dedicated to providing our clients with personalized attention, sound legal advice, and effective representation.