BOI Report Service
When You Want More
Beneficial Ownership Information (BOI) Reports are coming due in January 2024. This is a federal mandate for (nearly) all existing and new businesses operating in the United States. If this is the first time you’re hearing about it or you just really hate paperwork, don’t worry—we’ve done the leg work for you.
Our BOI Report Service makes submitting your BOI report quick and easy. We file the report, ensuring the necessary boxes are checked and your data is secure. And we never sell your information to third parties.
When You Want More
Just $9 Total
Get more when you hire Northwest to file your Beneficial Ownership Information for you, including:
- Fast BOI report filing
- Hassle-free service
- Privacy By Default®
- Access to our expert Corporate Guides®
BOI Reporting: Things to Know
BOI Report forms require identifying information on businesses, their beneficial owners, and, in some cases, their company applicants. Reports are saved on a private government server until either law enforcement or approved financial institutions request the information.
In other words: BOI Reports lift the veil of secrecy on who owns and influences businesses in the states. This is a change for many businesses that previously had guaranteed privacy by state laws.
Is filing a BOI Report mandatory?
Yes, BOI Reports are mandatory federal filings for nearly every business owner in America. As with all federal reporting, there’s a learning curve to filing your BOI Report—and consequences if you don’t get it done correctly on time. Penalties include fees of $591/day and up to two years of jail time.
Don’t want to deal with any of this? We’ve got you. You can focus on your business and leave the bureaucracy to us. Learn more about our upcoming services below.
BOI Reporting for LLCs | On Demand Filing
New LLCs and other small businesses formed in 2024 must file a BOI Report within 90 days of formation and existing businesses have until 2025 to get their reports in. Businesses formed in 2025 and after will have 30 days to file their reports.
We know this is annoying. That’s why we’ll take care of it for you.
Instead of reading all the requirements, checking and double checking you understand them, and dealing with a new online government server yourself, you can answer a few quick questions for us. Even better? Once we receive confirmation that your report is accepted, we’ll delete the information from our databases: keeping your privacy as secure as if you submitted it yourself.
Starting in 2024, our filing team can submit your BOI Reports for a low fee of just $9! You read that right. For less than ten dollars, we’ll deal with the bureaucracy for you. You don’t even have to be an existing customer.
The BOI Report On Demand Filing Service launches in 2024.
Benefits of Northwest Registered Agent’s BOI Report Service
Here are the main reasons you might want us to file on your behalf:
1. We’re fast.
FinCEN estimates it’ll take 90 minutes for an LLC or other business with a simple structure to file, and closer to 650 minutes—that’s almost eleven hours—for businesses with complex structures to file their BOI Report. If you hire us, it’ll take under five.
2. We erase your private information.
Filing a BOI Report requires businesses to share information that was previously private at the discretion of individual states. For some businesses, this means giving more details than ever before. We know how important privacy is for small business owners, and that’s why we take it so seriously. After we file your BOI Report, we’ll erase the information you shared with us from our servers.
We know the best case scenario is not having to give this information to anyone, including the government. Second best? Going from our secure system to FinCEN’s.
3. We make it easy.
Even the best made systems have kinks in them, and as a brand new requirement, BOI reporting is bound to have its fair share. Even the system where reports will be filed is new, and there’s no way to guess what might come up as hundreds of people flock to the server in January. Instead of dealing with that yourself, you let us do the filing (unexpected complications included).