Filing BOI Reports for your Clients can give you a New Revenue Stream
The Corporate Transparency Act
Enacted in 2021, the Corporate Transparency Act (CTA) mandates that individuals who own or control a qualifying company, either directly or indirectly, report their Beneficial Ownership Information (BOI) to the Financial Crimes Enforcement Network (FinCEN).
With approximately 97% of businesses in the United States required to file a BOI, the implications for compliance are substantial.
The deadline to file BOI reports for your clients with companies created or registered before January 1, 2024, have until January 1, 2025, to file their BOI reports. Companies registered on or after January 1, 2024, need to file within 90 days.
Missing the deadline could result in severe penalties, including fines up to $10,000 and/or incarceration. Find out how you can easily file your clients’ BOI reports and create a new revenue stream for your practice with the SnapBOI platform.
BOI Reporting White Paper
To gain a clearer understanding of these requirements and their potential impact on your clients, we invite you to read our whitepaper. It provides essential insights and guidance for navigating the complexities of the Corporate Transparency Act (CTA), enabling you to better support your clients in this changing regulatory environment.
Enhance Client Service. Grow Revenue.
For professional firms like yours, SnapBOI has developed an innovative, user-friendly platform designed specifically to meet BOI requirements. The SnapBOI Reporting Platform allows you to efficiently file BOI Reports on behalf of your clients while also providing the opportunity to charge a fee for your services, creating a new revenue stream this year and in the future. It’s designed to be simple, secure, and straightforward to use.
Contact us to explore our platform further or request a demo. Don’t wait—act now to ensure compliance and boost profitability.
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