Don’t Miss the December 31 BOI Deadline
What You Need to Know and Why It Matters
If you own an LLC or several, you need to act fast! The clock is ticking, and December 31 is the deadline to file your Beneficial Ownership Information (BOI) report with the U.S. Department of the Treasury. Missing this crucial deadline could cost you—literally. Here’s everything you need to know and why you should take action today.
What Is BOI and Why Is It Important?
BOI, or Beneficial Ownership Information, is a mandatory report required by the Corporate Transparency Act. This report identifies the individuals who own or control your company. The goal is to promote transparency, prevent illegal activities like money laundering, and ensure a safer business environment for everyone.
If your business was registered before January 1, 2024, the BOI filing deadline is December 31, 2024. For companies created after January 1, 2024, the deadline to file is 90 days after registration.
But don’t wait until the last minute! Filing on time avoids unnecessary penalties and ensures your business stays in good standing.
The Cost of Missing the Deadline
Failing to file your BOI report can result in severe penalties:
Civil penalties: Up to $500 per day for every day the report is late.
Criminal penalties: Potential fines of up to $10,000 and even up to two years in prison for willfully failing to file or providing false information.
This is not just a small oversight—it’s a major compliance issue that could have serious financial and legal consequences. Don’t risk your business over a missed deadline!
Who Needs to File?
If you own an LLC, corporation, or other entities formed or registered in the U.S., you likely need to file a BOI report. Even if you have multiple LLCs, you must file a separate BOI report for each one.
Certain businesses may qualify for exemptions, such as publicly traded companies or nonprofit organizations, but most small and medium-sized businesses will need to comply.
Act Now: Don’t Let the Clock Run Out
Don’t wait until it’s too late! RCC is here to make the BOI filing process fast, simple, and stress-free. Avoid penalties and secure your business’s future by acting now.
With RCC, you’re not just filing a report—you’re experiencing the RCC Experience: personalized guidance, fast service, and peace of mind knowing your business is fully compliant.
Stay Ahead and Stay Compliant
The December 31 deadline is approaching quickly. Whether you own one LLC or several, filing your BOI report is not optional—it’s essential. Avoid costly penalties and protect your business by filing today. Contact RCC for support or click the button above to get started now. Let us take the stress out of compliance so you can focus on what matters most: growing your business.
Don’t delay—file your BOI now and stay compliant!