Fincen Alliance is sending letters to business owners letting them know about the new BOIR filing requirements for all businesses as of 2024. This new filing requirement is through the government agency FinCEN (Financial Crimes Enforcement Network) and carries heavy fines if out of compliance ($500 or more). Visit FinCEN's website here for more information on penalties and exemptions.

BOI stands for Beneficial Ownership Information and is required to be filed with the Financial Crimes Enforcement Network, or FinCEN, as of January 2024.

BOI includes the business name and EIN (SSN if no EIN), any beneficial owner of the business (with 25% or more ownership), their names, contact information, and ID's.

This new requirement is led by the Corporate Transparency Act and is intended to reduce crime and trafficking.

**2/19/2025 Urgent Update "With the February 18, 2025, decision by the U.S. District Court for the Eastern District of Texas in Smith, et al. v. U.S. Department of the Treasury, et al., 6:24-cv-00336 (E.D. Tex.), beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act (CTA) are once again back in effect. However, because the Department of the Treasury recognizes that reporting companies may need additional time to comply with their BOI reporting obligations, FinCEN is generally extending the deadline 30 calendar days from February 19, 2025, for most companies." Please visit FinCEN here for the most up to date information!

Most states require businesses file each year to their state government in order to keep an active registration on their business. Make sure to file by May 1st, 2025. Filing late can incur a $400 fine to reinstate. Fincen Alliance is currently serving Florida businesses with their annual renewal and the current state filing fees are as follows:

Annual Report - Profit Corporation: $150

Annual Report- Non-Profit Corporation: $61.25

Annual Report- Limited Liability Company: $138.75

Annual Report - Limited Partnership or Limited Liability Limited Partnership: $500

*Fincen Alliance filing fee of $89 will apply at checkout.

BOIR Filing: Your proof of filed Beneficial Ownership Information is the Transcript. This is provided at the end of the filing process. Fincen Alliance will file for you and send you the Transcript to keep with your records.

Annual Renewal Filing: Proof of your Annual Renewal filed (Florida only) is on the Division of Corporations website Sunbiz.org when you search for your entity. Fincen Alliance will file for you and send you the Transcript and/or Certificate of Status to keep with your records.

Requesting a Certificate of Status from Florida's Division of Corporations is completely optional in completing your Annual Renewal and is typically beneficial for businesses who need official record of having paid all fees for their business to remain active. There is a $10 charge when requesting a Certificate of Status. Please also note that requesting one can increase the turn-around-time of your order. Learn more here.

BOI Filing: FinCEN has stated that filing your BOI late can incur $500 or more in fines and possible jail time. Entities active in 2024 and before should file BOI by 3/21/2025. New businesses should file within 30 days of registration.

Annual Renewal: Florida only. The Division of Corporations has listed a fee of $400 for filing your Annual Renewal late. Deadline for filing in 2025 is May 1st. Businesses who file after the third Friday of September will incur additional costs to reinstate.

BOI Filing: Looking to file it yourself? Purchase our BOIR self-service tool here. This tool will take you through the steps required to file and ensures you're in compliance with this government filing requirement! You may also visit FinCEN.gov for more information on options to file and FAQs.

Annual Renewal: Please visit your state's government website and follow the steps for "Annual Renewal" to file.

BOI Filing: No. Only re-file when you have updates or changes to your information. Choosing Fincen Alliance for BOI filing includes up to a year of free updated filings.

Annual Renewal: Yes! In order to keep your business in an active registration status, you must file Annual Renewal each year between January and May. You must also file when there are changes to your information by filing an Amendment.

Have changes to your filing with us? Use our Updates Form here!

BOI Filing: Please use our Updates form here if you have changes to the following:

Business Name or Structure

Beneficial Owners Names or Number of Owners

Business Address

*There is not a requirement to update BOI if your business has dissolved.

Annual Renewal Filing: State fees apply. Please use our Updates form here if you have changes to the following:

Mailing Address

Principle Address

Officers/Managers Names

Registered Agent Information (Name or address change)

EIN

*There is not a requirement to file Annual Renewal if your business has dissolved.

Please visit our Contact Us page and fill out the form. We will process your request within 1-2 business days based on our refund policy.

Please use our Contact Us form on our Contact Us page. You can also email us at [email protected] or leave us a voicemail at 321-448-2122. We will respond within 1-2 business days.