Stay Legally Compliant with Required BOI Filings

Avoid penalties by filing your Beneficial Ownership Information Report on time. VRE makes it easy to meet federal requirements with expert support and accurate submissions.

Have You Filed
Your BOIR?

Starting January 1, 2024, most U.S. businesses must report their beneficial ownership information to FinCEN. If you formed or registered your company this year, you’re likely required to file.

This is not optional missing the deadline could lead to fines or legal consequences. VRE handles your BOIR quickly and accurately, so you stay compliant without the hassle.

What is a BOIR

BOIR: Understanding the Basics

The Beneficial Ownership Information Report (BOIR) is now a federal requirement for most businesses in the U.S. under the Corporate Transparency Act. It’s designed to help prevent money laundering, fraud, and other illicit activities by making company ownership more transparent.

If your company was formed or registered in the U.S., chances are you need to file a BOIR. It identifies who owns or controls your business, even if you operate as a single-member LLC or small partnership. This isn’t a tax filing, it’s about transparency and compliance.

Your BOIR must include key details about each beneficial owner: full legal name, date of birth, residential address, and a valid government-issued ID. Missing or incorrect submissions could trigger penalties, which makes accuracy essential.

If you’re unsure whether you qualify or how to file, VRE simplifies the process. We verify your details, prepare the correct forms, and submit on your behalf, keeping your business compliant and penalty-free.

How VRE Makes BOIR
Filing Easy

Filing your Beneficial Ownership Information Report shouldn’t feel like navigating a legal maze. With VRE, it doesn’t. We break down the process, guide you through requirements, and handle the submission so you stay compliant without wasting time.

From identifying beneficial owners to document verification and final submission, we handle everything securely and accurately. Our system tracks your status in real-time, giving you peace of mind from start to finish.

BOIR Report Status

Streamlined and Secure

Filing Process

75%

Started: 24th April 2024

Common Questions About BOIR (Beneficial Ownership Information Reporting)

1. What is a Beneficial Ownership Information Report (BOIR)?

A BOIR is a mandatory report filed with FinCEN that discloses the individuals who own or control your company. It includes key identifying details like name, address, and government-issued ID.

2. Who is required to file a BOIR?

Most corporations, LLCs, and similar entities formed in the U.S. or registered to do business here must file unless exempt (e.g., large operating companies or publicly traded firms).

3. When is the deadline to file?

• Formed before January 1, 2024? You must file by January 1, 2025.
• Formed in 2024? You have 90 days from formation.
• Formed after 2024? You have 30 days.

4. What information is required in the report?

You’ll need full legal names, residential addresses, dates of birth, and an acceptable ID (such as a passport or driver’s license) for each beneficial owner.

5. Is there a penalty for not filing?

Yes. Failure to file or update can result in civil penalties of $500 per day and criminal penalties including fines up to $10,000 or up to 2 years imprisonment.

6. How can VRE help with BOIR filing?

VRE simplifies the process with guided data entry, automatic formatting, and direct submission. We ensure accuracy and compliance while saving you time.

Our Services

Providing Everything You Need When You Need It

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