How to File BOI Report in Hawaii – Ultimate Guide (2024)


Steve Goldstein
Steve Goldstein
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How to file a BOI Report in Hawaii: Since the Corporate Transparency Act, the Beneficial Ownership Information (BOI) principle has become an important aspect of the regulatory framework for Limited Liability Companies, Corporations, and all types of business structures. This act aims to increase transparency and fight against illegal financial activities by requiring businesses to disclose information about beneficial owners. In Hawaii, companies must comply with these BOI reporting obligations, and this guide will give a comprehensive overview of the processes involved, entities affected, and compliance actions that must be put in place.

Hawaii, also known as The Aloha State, has a population of 1,483,762. That makes the state small business friendly. According to the act, small and medium-sized businesses have to file BOI reports. In this article, LLCBuddy editors shared the latest update and mandate on filing BOI reports in Hawaii

What is Beneficial Ownership in Hawaii?

Beneficial ownership in Hawaii entails individuals who own or control an entity ultimately even though legal ownership rests with some other person. These persons may have significant influence over it or hold substantial interest therein as owners. Identifying who qualifies as a beneficial owner is a critical first step in complying with BOI reporting requirements. To be a beneficial owner, one must meet at least one of the following:

  1. Has direct or indirect ownership of 25% or more of the entity’s equity interests
  2. Directly or indirectly exercises significant control over the entity

It should be noted that beneficial ownership can involve complicated ownership structures; therefore entities should conduct thorough assessments of their organizational structure and holdings.

Beneficial Ownership Information Reporting

The BOI (Beneficial Ownership Information) Report is a memo or document that every small and medium-sized business (exemption applicable) has to file with the Financial Crimes Enforcement Network (FinCEN). In Hawaii, any LLC that is eligible to enlist under the reporting company must file the BOI Report within the given period.

It is not only mandatory for all businesses in Hawaii but also can lead to heavy monetary penalties along with imprisonment. There are many reasons why the Corporate Transparency Act was started and BOI Report filing becomes mandatory for all businesses in Hawaii.

BOI Reporting Companies (Entities) in Hawaii

Not every company, located in Hawaii, is required to file BOI reports with FinCEN. Only the eligible companies (Reporting Companies) are liable to file the BOI report. Following are the requirements for BOI reporting,

Entities Required to Report

There are certain entities that are considered “Reporting Companies” as per the Corporate Transparency Act and must report beneficial ownership information. Normally, these include:

Exempted Entities

However, it is important to note that there are certain entities in Hawaii that do not have BOI reporting requirements such as;

corporate-act
  • Sole proprietorships or any business structure that does not require registration under Hawaii SOS.
  • Large entities (more than 20 employees with $5M revenue)
  • Tax-exempt organizations
  • Inactive entities meeting specific criteria
  • Subsidiaries of exempt entities
  • Complex ownership that is not publicly known

For PLLCs, selected types of companies get to file BOI reports. Small PLLCs that do not meet the eligibility of reporting companies are exempted from filing BOIR. Besides, PLLCs that are already under stringent regulatory authority like the medical or law field, might get an exemption too.

List of Entities Exempted from BOI Reporting According to FinCEN

  • Securities reporting issuer
  • Governmental authority
  • Bank
  • Credit union
  • Depository institution holding company
  • Money services business
  • Broker or dealer in securities
  • Securities exchange or clearing agency
  • Other Exchange Act registered entity
  • Investment companies or investment advisers
  • Venture capital fund adviser
  • Insurance company
  • State-licensed insurance producer
  • Commodity Exchange Act registered entity
  • Accounting firm
  • Public utility
  • Financial market utility
  • Pooled investment vehicle
  • Tax-exempt entity
  • Entity assisting a tax-exempt entity
  • Large operating company
  • Subsidiary of certain exempt entities
  • Inactive entity

Entities should review their classification carefully in order to ascertain if they fall under the requirement for reporting or qualify for an exemption. It is recommended to consult an expert before you start filing your BOI Report. Also, not only the above-mentioned sectors but also the size and structure of the business matters when it comes to filing the report. Hence, it is important to consult an expert beforehand.

How to File a BOI Report in Hawaii?

In Hawaii, you can file your BOI report in two ways. The report can be filed online or offline. The process is pretty simple. There is an online and offline (PDF) form available. The reporting company in Hawaii has to fill up the form and submit it within the given time. Here are the steps to file the BOIR in Hawaii

Online BOI Report Filing in Hawaii

  • For online filing, reporting companies in Hawaii are required to visit the FinCEN BOIR e-filing page.
  • The first page shows 4 options, Initial Report, Correct Prior Report, Update Prior Report, and Newly Exempt Entity.
  • For the fresh filing, select Initial Report and click NEXT.
  • On the next page, fill out the form for Reporting Company and ask for FinCEN ID.
  • The ‘Company Applicant’ page comes up next. Add the details wherever is required.
  • The next page shows the details of the Beneficial Owner(s). Also, mention if there is an exemption.
  • Submit the online form after sharing your name and email on the final page.
BOI reporting e-filing

Offline BOI Report Filing in Hawaii

  • For offline filing, visit the FinCEN BOI Report filing page
  • Download the PDF form from the ‘Prepare BOIR’ option
  • The PDF form requires Adobe Reader 8 or higher, make sure you have this version installed on your device.
  • Save the form on your device.
  • Fill it up with the correct information. Make sure to select the ‘Initial Report’ if you’re filing it afresh. For correction or updating the previous form, select the other options.
  • Once filled up, upload the form on the site by clicking on ‘Submit BOIR’.
  • On the Submit page, you will have to provide your name and email. Click on the ‘upload document’ section to upload the PDF form and submit it.
BOI offline filing

Though it is not very difficult to file a BOI Report on your own, it is recommended to get a professional help. Mainly because of the diverse business structure. We recommend TailorBrands as they not only offer free LLC formation, but also guide you through the BOI reporting process and deadline. That can save you a lot of money and penalty.

LLCBuddy Editors

Reporting Process and Timeline

BOI Reporting effectively becomes mandatory from January 1, 2024, in Hawaii and the rest of the United States. All the LLCs in Hawaii, Corporations, and other types of businesses registered under Hawaii Secretary of State will have to file the report within the given time.

  • Entities in Hawaii incorporated or registered before January 1, 2024, will have to file their BOI report before January 1, 2025.
  • Entities in Hawaii incorporated or registered on or after January 1, 2024, will have to file their BOI report within 90 working days from the date of completion of company registration with Hawaii SOS or similar authority.
  • Entities in Hawaii incorporated or registered on or after January 1, 2025, will have to file their BOI report within 30 working days from the date of completion of company registration with Hawaii SOS or similar authority.

Penalties for Non-Compliance with CTA (BOI Report Filing)

The authority decides to make it more difficult for the companies that fail to comply with the Corporate Transparency Act or BOI report filing. Following are the monetary and other penalties for non-compliance,

  • The Civil Penalty for missing the deadline in Hawaii is $500 a day for the company
  • The Criminal Penalty for not filing the BOI Report in Hawaii is $10,000
  • Continuing violating rules and non-compliance in Hawaii can lead to 2 years imprisonment

The FinCEN makes sure that every reporting company must file the BOI report as soon as they meet the eligibility criteria. The penalty is heavy, especially for small businesses in Hawaii.

BOI Reporting Required Information in Hawaii

The Beneficiary Ownership Information consists of some confidential information about the LLC owners in Hawaii. The compulsory information to be given in respect of each beneficial owner includes:

business requirement
  • Reporting Company legal name
  • Alternative or DBA Name (if any)
  • Tax Identification type
  • Country/Jurisdiction of Formation
  • Address (number, street, and apt. or suite no.)
  • Individual’s Full Legal Name
  • Date of birth
  • Current Address
  • Identifying document (Type, Number, Issuing Jurisdiction, Image)
  • Beneficial Owner Details (Legal Name, FinCEN ID, Address, DOB)

Entitles should confirm that the information given is correct and up-to-date as any inconsistencies or inaccuracies may attract penalties.

Ensuring their BOI reports are accurate and updated is a responsibility that these bodies have. Disputes or concealed information, therefore, need to be attended to quickly and openly as this is essential in compliance maintenance. Should organizations fail to do this, they may invite increased scrutiny with possible penalties imposed against them.

Privacy and Data Security

While the requirements for BOI reporting in Hawaii aim at increasing transparency levels, there are practical challenges faced by entities regarding the identification and disclosure of beneficial ownership information. These may include:

  • Complexity in identifying beneficial ownership for entities with intricate ownership structures or multi-layered holding companies.
  • Difficulties in obtaining accurate and up-to-date information from beneficial owners, particularly where ownership interests are held indirectly or via intermediaries.
  • This places an additional burden on small businesses which will find it hard to deploy enough resources and personnel to deal with compliance matters.

Entities can overcome these hurdles through engagement of professionals’ advice; and having internal mechanisms that strengthen their capacity to communicate with their beneficiaries.

Regulatory and Legal Considerations

In addition to the issues above, entities in Hawaii must also navigate numerous regulatory and legal considerations when reporting BOI. These include:

  • Balancing transparency with legitimate privacy concerns, especially for individuals who may be exposed to personal safety risks or other sensitive situations.
  • Addressing international implications and cross-border ownership structures since BOI reporting requirements can vary across jurisdictions.
  • Compliance with other relevant legislations such as anti-money laundering (AML) laws and know-your-customer (KYC) regulations is necessary as well.

What helps entities address these concerns is consulting the legal fraternity on changes occurring within the regulatory space.

Anticipated Changes and Updates

With time, FinCEN together with other relevant agencies will provide further guidance on complying with these reporting requirements as financial crime evolves. For instance, new changes could affect how they comply with these requirements. Additionally, in the future, there is a possibility of expanding or modifying the reporting requirements to deal with emerging issues or any possible loopholes.

Impact on Businesses and Financial Sector in Hawaii

The introduction of BOI reporting requirements will have profound effects on both corporate entities and the financial sector as a whole. Likely consequences could include:

  • Increased administrative burdens and compliance costs for firms, especially at the early stages of implementation.
  • Enhanced due diligence procedures by financial institutions to verify the accuracy of BOI reports and identify potential red flags.
  • Business practices may change leading to ownership structures that are more flexible to fit into new transparency needs.
  • Entities that have complex ownership arrangements or those operating internationally may face some difficulties.

Nonetheless, in the long run, it can be expected that this law would go towards creating an environment where business is transparent and accountable thus enhancing trust and integrity within the financial system.

Significance of Reporting Beneficial Ownership Information

Reporting BOI is essential for several reasons. We have come up with three main reasons that CTA pointed out for having BOI reporting.

business
  • Preventing Illegal Activities: Identifying true owners helps to combat money laundering, terrorist financing, and other financial crimes in Hawaii since bad actors cannot hide behind complex corporate structures.
  • Enhancing Transparency: It ensures corporate transparency and accountability so that entities cannot operate under cover but are required to reveal who their beneficial owner(s) are.
  • Facilitating Law Enforcement: Accurate data on BOI allows law enforcement authorities to investigate and prosecute fraudulent activities better thus protecting a fair business environment.

Starting an LLC in Hawaii or forming a corporation in Hawaii can be an eyewash of hiding other shady activities or illegal businesses. Companies often create shell companies to money launder. This reporting was started to prevent such activities in Hawaii.

State Specific Data: Hawaii

Capital and Incorporation

  • The capital of Hawaii is Honolulu.
  • The population of Hawaii: 1,483,762
  • The Annual GDP of Hawaii: 99,352
  • Incorporation in Hawaii can be done through various methods including online and offline. For more details, visit Hawaii Secretary of State.
  • Incorporation Method in Hawaii (Online): Get the online form from Secretary of State, fill it up, and submit. Don’t refresh the page during the process. It will erase everything. Email it to [email protected].
  • Incorporation Method in Hawaii (Offline): Send the form by mail to Office of the Secretary of State, 450 N 4th Street, P.O. Box 83720, Boise, ID 83720-0080 or Fax it to (808) 586-2733.

Filing Fees

  • LLC Initial Filing Fee: $5
  • LLC Amendment Fees: $25
  • Annual Fee: $12.50
  • DBA Filing Fee: $50
  • Incorporation Fee: $50 for filing online, by mail, fax, or by email
  • Registered Agent Change Fee: $25
  • Corporate Amendment Fee: $25.00

Important Offices

  • State Tax Office: Hawaii Department of Taxation
  • State Insurance Office: Hawaii Insurance Division
  • Secretary of State Address: Department of Commerce and Consumer Affairs, Business Registration Division, 335 Merchant St., P.O. Box 40, Honolulu, HI 96810
  • Department of Treasury: Department of the Treasury Internal Revenue Service Center – Ogden, UT 84201 Fax: 855-214-7520​

Key Contacts

  • Form 2335 Mailing Address: Department of the Treasury Internal Revenue Service Center – Ogden, UT 84201 Fax: 855-214-7520​
  • Filing Method for DBA: several methods, online, fax, email, by mail, or in-person
  • Filing Fee for DBA: $50
  • Online Filing for DBA: For online filing, check the Hawaii Secretary of State. There, look for the “Trade Names” section. You will get the registration form.
  • Offline Filing for DBA: For offline filing, send the form by mail to the Department of Commerce and Consumer Affairs, Business Registration Division, P.O. Box 40, Honolulu, Hawaii 96810, email it to [email protected], or fax it to (808) 586-2733

By staying compliant with the BOI reporting requirements and leveraging the resources available in Hawaii, businesses can ensure they meet all regulatory obligations efficiently.

FAQs

How do I file a BOI report in Hawaii?
To file a BOI report in Hawaii, you can visit the Hawaii Department of Commerce and Consumer Affairs website and follow the instructions provided.
What information do I need to include in a BOI report in Hawaii?
When filing a BOI report in Hawaii, you will need to provide details about the specific incident or violation, as well as any relevant supporting documents.
Is there a deadline for filing a BOI report in Hawaii?
The deadline for filing a BOI report in Hawaii may vary depending on the nature of the incident or violation. It is recommended to file the report as soon as possible with the relevant authorities.
Can I file a BOI report anonymously in Hawaii?
In Hawaii, you may be able to file a BOI report anonymously depending on the specific circumstances. Check with the Hawaii Department of Commerce and Consumer Affairs for more information.
What happens after I file a BOI report in Hawaii?
After filing a BOI report in Hawaii, the relevant authorities will investigate the incident or violation based on the information provided. You may be contacted for further details if necessary.
Is there a fee for filing a BOI report in Hawaii?
There may be a fee associated with filing a BOI report in Hawaii, depending on the nature of the incident or violation. Check with the Hawaii Department of Commerce and Consumer Affairs for more information on any applicable fees.
Can I file a BOI report online in Hawaii?
Yes, you can file a BOI report online in Hawaii through the official website of the Hawaii Department of Commerce and Consumer Affairs.
How long does it take to process a BOI report in Hawaii?
The processing time for a BOI report in Hawaii may vary depending on the complexity of the case and the workload of the investigating authorities. It is recommended to follow up with the Hawaii Department of Commerce and Consumer Affairs for updates on your report.
What are the consequences of filing a false BOI report in Hawaii?
Filing a false BOI report in Hawaii can result in serious legal consequences, including fines and potential criminal charges. It is important to provide accurate and truthful information when filing a report.
Can I file a BOI report on behalf of someone else in Hawaii?
In Hawaii, you may be able to file a BOI report on behalf of someone else with their consent. Check with the Hawaii Department of Commerce and Consumer Affairs for more information on how to proceed in such cases.
How can I follow up on a BOI report filed in Hawaii?
You can follow up on a BOI report filed in Hawaii by contacting the Hawaii Department of Commerce and Consumer Affairs and requesting updates on the status of your report.
Are there any resources available to assist with filing a BOI report in Hawaii?
Yes, there are resources available to assist with filing a BOI report in Hawaii, such as guidance documents provided by the Hawaii Department of Commerce and Consumer Affairs.
What should I do if I need help filing a BOI report in Hawaii?
If you need help filing a BOI report in Hawaii, you can contact the Hawaii Department of Commerce and Consumer Affairs for assistance. They may be able to provide guidance or answer any questions you may have.
Can I report multiple incidents in a single BOI report in Hawaii?
Yes, you can report multiple incidents in a single BOI report in Hawaii as long as they are related or occurred within the same context. Provide as much detail as possible for each incident when filing the report.
What are the different ways to file a BOI report in Hawaii?
In Hawaii, you can file a BOI report online, by mail, or in person at the office of the Hawaii Department of Commerce and Consumer Affairs. Choose the method that is most convenient for you.
What information should I keep on file after filing a BOI report in Hawaii?
After filing a BOI report in Hawaii, it is important to keep a copy of the report, along with any supporting documents or evidence you provided. This information may be useful for future reference or follow-up.
How can I protect my identity when filing a BOI report in Hawaii?
To protect your identity when filing a BOI report in Hawaii, consider using anonymous reporting tools or requesting confidentiality from the investigating authorities. Be cautious about sharing personal information if you wish to remain anonymous.
Can I request a copy of a BOI report I filed in Hawaii?
Yes, you can request a copy of a BOI report you filed in Hawaii from the Hawaii Department of Commerce and Consumer Affairs. Provide the necessary information to verify your identity and request a copy of the report.
What is the purpose of filing a BOI report in Hawaii?
The purpose of filing a BOI report in Hawaii is to report incidents or violations related to business practices or consumer protection. This helps the authorities investigate and address any potential misconduct or illegal activities.
Are there any limitations on the type of incidents I can report in a BOI report in Hawaii?
There may be limitations on the type of incidents you can report in a BOI report in Hawaii, depending on the jurisdiction and scope of the reporting agency. Check with the Hawaii Department of Commerce and Consumer Affairs for guidelines on what can be included in a report.
Can I amend a BOI report after it has been filed in Hawaii?
In Hawaii, you may be able to amend a BOI report after it has been filed by providing additional information or correcting any errors. Contact the Hawaii Department of Commerce and Consumer Affairs for guidance on how to make amendments to a report.
Can I request anonymity when reporting a BOI in Hawaii?
Yes, you can request anonymity when reporting a BOI in Hawaii. Contact the Hawaii Department of Commerce and Consumer Affairs for information on how to submit an anonymous report.
What is the role of the Hawaii Department of Commerce and Consumer Affairs in processing a BOI report?
The Hawaii Department of Commerce and Consumer Affairs is responsible for processing and investigating BOI reports filed in Hawaii. They work to ensure compliance with business regulations and protect consumer interests.
What should I do if I receive a follow-up request from the Hawaii Department of Commerce and Consumer Affairs regarding my BOI report?
If you receive a follow-up request from the Hawaii Department of Commerce and Consumer Affairs regarding your BOI report, respond promptly and provide any additional information or documentation requested. Cooperation is important for a thorough investigation.
Can I submit supporting documentation with my BOI report in Hawaii?
Yes, you can submit supporting documentation with your BOI report in Hawaii. Provide any relevant documents or evidence that may help with the investigation of the incident or violation you are reporting.
How long does the Hawaii Department of Commerce and Consumer Affairs take to investigate a BOI report?
The Hawaii Department of Commerce and Consumer Affairs may take varying lengths of time to investigate a BOI report, depending on the complexity of the case and workload considerations. Follow up with the department for updates on the progress of the investigation.
Are there any confidential or sensitive incidents I should report in a BOI report in Hawaii?
If you need to report confidential or sensitive incidents in a BOI report in Hawaii, consider providing additional context or explaining the situation in detail to ensure that the investigating authorities understand the seriousness of the matter.
Can I consult with legal counsel before filing a BOI report in Hawaii?
Yes, you can consult with legal counsel before filing a BOI report in Hawaii. It may be helpful to understand your rights and responsibilities when reporting incidents or violations related to business practices or consumer protection.
How do I file a BOLO report in Hawaii?
You can file a BOLO report in Hawaii by contacting the Hawaii State Police Department.
What information do I need to include in a BOLO report in Hawaii?
In Hawaii, you will need to include a description of the individual or vehicle in question, as well as any pertinent details about the situation.
Can I file a BOLO report online in Hawaii?
Yes, some police departments in Hawaii offer the option to file a BOLO report online through their website.
Is filing a BOLO report in Hawaii free?
Yes, filing a BOLO report in Hawaii is typically free of charge.
How long does it take to file a BOLO report in Hawaii?
The time it takes to file a BOLO report in Hawaii can vary depending on the complexity of the situation and the availability of law enforcement officers.
Can I file a BOLO report anonymously in Hawaii?
Some police departments in Hawaii may allow you to file a BOLO report anonymously, but it is best to check with the specific department for their policy.
What is the purpose of filing a BOLO report in Hawaii?
The purpose of a BOLO report in Hawaii is to alert law enforcement officers and the community to be on the lookout for a particular individual or vehicle.
How soon should I file a BOLO report in Hawaii?
It is best to file a BOLO report in Hawaii as soon as possible after an incident occurs.
Can I file a BOLO report for a missing person in Hawaii?
Yes, you can file a BOLO report for a missing person in Hawaii.
Will filing a BOLO report in Hawaii guarantee that the individual will be found?
Filing a BOLO report in Hawaii does not guarantee that the individual will be found, but it increases the chances of locating them.
What should I do if I spot the individual or vehicle listed in a BOLO report in Hawaii?
If you spot the individual or vehicle listed in a BOLO report in Hawaii, you should contact the local authorities immediately.
Are BOLO reports in Hawaii confidential?
BOLO reports in Hawaii are typically not confidential, as they are meant to be distributed to law enforcement and the public.
Can I file a BOLO report for a stolen vehicle in Hawaii?
Yes, you can file a BOLO report for a stolen vehicle in Hawaii.
Is there a statute of limitations for filing a BOLO report in Hawaii?
There is no statute of limitations for filing a BOLO report in Hawaii, but it is best to file one as soon as possible.
Can I file a BOLO report for a non-emergency situation in Hawaii?
Yes, you can file a BOLO report for a non-emergency situation in Hawaii, such as a potential scam or suspicious activity.
How do I follow up on a BOLO report in Hawaii?
You can follow up on a BOLO report in Hawaii by contacting the police department where you filed the report and providing any additional information that may be helpful.
Can I cancel a BOLO report in Hawaii?
If you no longer need a BOLO report to be active, you can contact the police department in Hawaii to cancel it.
Are there any penalties for filing a false BOLO report in Hawaii?
Filing a false BOLO report in Hawaii can result in criminal charges and legal consequences.
Can I file a BOLO report for a dangerous individual in Hawaii?
Yes, you can file a BOLO report for a dangerous individual in Hawaii to alert law enforcement and the community to be on the lookout.
How do I know if a BOLO report has been issued in Hawaii?
You can contact the police department in Hawaii to inquire about the status of a BOLO report that you have filed or are interested in.
Can I file a BOLO report for a suspected crime in Hawaii?
Yes, you can file a BOLO report for a suspected crime in Hawaii to help law enforcement investigate the situation.
Are there specific guidelines for filing a BOLO report in Hawaii?
Each police department in Hawaii may have its own guidelines for filing a BOLO report, so it is best to check with them for specific instructions.
Can I file a BOLO report for a wanted individual in Hawaii?
Yes, you can file a BOLO report for a wanted individual in Hawaii to assist in their apprehension.
How can I obtain a copy of a BOLO report in Hawaii?
To obtain a copy of a BOLO report in Hawaii, you can request it from the police department where it was filed.
Can I file a BOLO report for a suspicious vehicle in Hawaii?
Yes, you can file a BOLO report for a suspicious vehicle in Hawaii to alert law enforcement and the public to be on the lookout.
Can I file a BOLO report for a potential threat in Hawaii?
Yes, you can file a BOLO report for a potential threat in Hawaii to warn others and help prevent any harm from occurring.
How do I file a BOLO report for a missing pet in Hawaii?
You can file a BOLO report for a missing pet in Hawaii by contacting the local animal control or police department.
Can I file a BOLO report for an abandoned vehicle in Hawaii?
Yes, you can file a BOLO report for an abandoned vehicle in Hawaii to alert law enforcement and the public to its presence.
How do I file a BOLO report for a person of interest in Hawaii?
You can file a BOLO report for a person of interest in Hawaii by providing information about them to the appropriate law enforcement agency.

Also Read

In Conclusion

In the world of business, conducting illicit monetary transactions is not a new thing. To prevent that the Corporate Transparency Act came into the picture. Businesses in Hawaii, especially, small and medium businesses must file the Business Ownership Information Report to combat growing financial crimes. In Hawaii, the companies must understand the obligations to comply with the rules.

In Hawaii, before you start filing the BOI Report, there are a few important points to note. Important points worth noting are:

  • Identifying beneficial owners from their control or ownership interests over the entity.
  • Reporting accurate information at all times including names, dates of birth, addresses, and identification details about beneficiaries.
  • Timely filing of the initial reports and updating the reports in case of changes.
  • When required, involve reputable third-party service providers to assist in the filing process.
  • Ensure compliance with relevant penalties for non –compliance.
  • Deal with practical challenges and legal issues related to BOI reporting.
  • Keep abreast of future developments and advice from relevant bodies.

Filing the BOI Report does not require complicated steps, however, it definitely requires an expert to proceed. We recommend TailorBrands, one of the best LLC formation services that not only offers free LLC formation but also offers BOI Reporting at a very reasonable cost.

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