Corporate Transparency Act
~97% of businesses registered in the US must report before the end of the year. Are you ready?
File your report with FinCEN now to avoid penalties of over $500 per day and even jail time. Don’t delay. Order now to experience:
- Guided, secure information collection via our online forms.
- We prepare and submit your filings to save you up to 3 hours per report.*
- Easy to manage annual subscription covers up to four reports per year.
“Harbor Compliance is a wonderful company to work with! They are quick and efficient, and the staff is very friendly and helpful! I highly recommend this company!!!”
What Makes Harbor Compliance Your Ideal Partner for Managing BOI Reporting?
Avoid penalties
Failing to file on time could result in criminal and civil penalties, including steep fines and jail time. By ordering service and allowing us to file your report early, you minimize your chances of facing negative consequences.
Skip “paralysis by analysis”
Our service includes up to four filings per year, including initial, updated, and corrected reports. That means you can report now and declare your exemption later. There are no penalties for submitting unnecessary reports and no additional charge.
Spend less time filing
FinCEN estimates BOI reports can take up to 3 hours. We’re an authorized FinCEN filer with access to their filing API. Our service completes your report allowing you to sidestep FinCEN’s system.
Collect information faster
There isn’t much time left to file. Many businesses are taking 2-3 months to gather the necessary information. Our helpful forms make collecting required data secure and simple.
Avoid starting reports from scratch
Updated reports are triggered for all sorts of reasons. Our system stores your data, so you only need to update what has changed instead of starting with a blank form.
Support beyond BOI
The data we store for your reports is processed by our Compliance CoreTM algorithm. The result is actionable insight into what you need to maintain the good standing of your legal entities, business licenses, and tax registrations nationwide.
How Our BOI Reporting Service Works
Complete the online form to order our BOI Reporting Service. We will collect the required data points to complete your order.
Provide basic company information today.
We collect beneficial ownership information and securely file.
You receive proof the filing has been completed and dedicated storage for your information.
Full Visibility of Your Ownership in Our Software
Records Manager* provides a simple and efficient way to store corporate records, track ownership and leadership, maintain board meetings and minutes, and more.
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Who Can Benefit
Our BOI Reporting Service caters to a wide range of organizations.
Multientity organizations
Corporations and LLCs
Small businesses
Multinational companies
Nonprofits that are not 501(c) exempt
Penalties for Failing to Report BOI
BOI Reporting is not optional and not submitting an accurate report on time can expose businesses to significant penalties.
Remember, the requirement exists to make it easier for law enforcement to “follow the money” behind complex corporate structures. For it to be useful, the information must be kept continually up to date. That’s why the very same penalties apply to businesses that fail to report changes to their initial reports.
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Skip “Paralysis by Analysis”
Virtually every business registered in the US will need to report.
Assumptions |
Facts |
|---|---|
| “My business is too small to be impacted.” | There are no minimum revenue requirements for having to report BOI. |
| “My business is too large to be impacted.” | While there is an exemption for large operating companies, it only applies to businesses with more than 20 US employees, with a US operating presence, that reported gross receipts of sales over over $5 million on last year’s tax return. |
| “My legal entity is inactive. It only passively holds property.” | While truly inactive entities are exempt from reporting, passively holding assets counts as business activity. |
| “My organization is exempt because it’s a nonprofit.” | In general, only organizations with IRS 501c/527 tax-exempt designations are exempt from reporting. Organizations with pending tax exemptions are initially required to report and may file an updated report to declare their exemption. |
| “My business qualifies for one of the other exemption categories.” | While there are 23 categories in total, they tend to be narrow and only apply to highly regulated organizations like banks, insurance providers, utilities, or investment companies. |
Still Unsure How to Proceed?
We have multiple resources to help you understand exactly what requirements you face.
Free Webinar - A Guide to Beneficial Ownership Information Reporting
Join our free monthly webinar where we discuss the latest developments in BOI reporting requirements and best practices for simplifying the filing process.
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Want to Speak With an Expert?
Get advice from a licensed attorney with deep knowledge of BOI reporting procedures and best practices.
Learn More
Wondering if You’re Exempt from BOI Reporting?
Take our quiz and receive your results in minutes!
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Spend Less Time Filing
Harbor Compliance’s full-service support is the easiest way to stay ahead of the requirements. The result is you spend more time focused on your core business operations and less time worrying about government filing requirements.
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Collect Information Faster
BOI reports contain personally identifiable information, or PII. Emailing or texting PII back and forth or storing it in shared documents isn’t secure.
Our system securely sends individualized information requests to each beneficial owner.
The intuitive forms with tooltips minimize follow-up questions and speed information collection.
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Avoid Starting Reports From Scratch
Reported data is centrally stored so it can be accessed across multiple reports allowing us to request each data point only once.
Your reports are then prepared on your behalf eliminating the need for you to key in the details multiple times across entities and reports.
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Support Beyond BOI
The data we store for your reports is processed by our Compliance Core™ algorithm. The result is actionable insight into what you need to maintain not only your BOI reporting obligations but the good standing of your legal entities, business licenses, and tax registrations.
With the power of Compliance Core, we’re right there to help you navigate over 22,000 filing requirements nationwide.
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Client Success Stories
