What is the BOI report?

Following the approval of the Corporate Transparency Act in 2021 by the U.S. Congress, the BOI report(Beneficial Ownership Information) to FinCEN (Financial Crimes Enforcement Network) became a tax obligation that your company must file to verify that no illicit activities are being conducted by the beneficial owners.

FinCEN is the network of the U.S. Department of the Treasury responsible for combating financial crime. It collects and analyzes information to prevent terrorism and tax evasion.

By collecting detailed data about the company's beneficial owners, the BOI report helps make the company's ownership and control structure transparent.