Comply Simplified | File Beneficial Ownership Report Online
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We make beneficial ownership information reporting simple.

Comply Simplified has taken this complex set of requirements and broken them down into easy-to-follow steps. Complete our free questionnaire today and determine whether these requirements may apply to you.

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  • FinCEN approved
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I’ve Never Heard of This Filing. What is it?

This is a brand new, mandatory filing to help the U.S. government combat money laundering and criminal financing. Companies that operate or were formed in the U.S. will need to disclose information about their key stakeholders and senior officers to the federal government. These companies will also be required to make updated filings (indefinitely) as this information changes. Failure to properly comply with these new reporting requirements can result in civil and criminal penalties.

Why Choose Comply Simplified?

Cost Effective

We’ve simplified these reporting requirements so you can spend less money on attorney’s fees and more money on growing your business. Our platform is tailored to the needs of small and mid-sized businesses.

Simplicity

The Beneficial Ownership Information Reporting Requirements Final Rule (including comments) is hundreds of pages, and includes numerous exemptions and special rules. Our platform demystifies these new reporting requirements, making the compliance process straightforward and accessible.

Expertise

Our team of experts has collaborated with and advised Vault 100 firms, CPAs, Fortune 500 companies, and businesses at all stages of development on these BOI reporting requirements.

Time Saving

Companies who try to make this filing themselves can spend weeks trying to understand these new BOI reporting requirements. Our platform can help you make your initial filing in minutes.

Peace of Mind

Stay up-to-date with your obligations to make updated filings and ensure your business remains compliant.

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Frequently Asked Questions

In 2021, Congress passed the Corporate Transparency Act on a bipartisan basis. This law creates a new beneficial ownership information reporting requirement as part of the U.S. government’s efforts to make it harder for bad actors to hide or benefit from their ill-gotten gains through shell companies or other opaque ownership structures.

A reporting company created or registered to do business before January 1, 2024, will have until January 1, 2025 to file its initial beneficial ownership information report. A reporting company created or registered on or after January 1, 2024, and before January 1, 2025, will have 90 calendar days after receiving notice of the company’s creation or registration to file its initial BOI report. This 90-calendar day deadline runs from the time the company receives actual notice that its creation or registration is effective, or after a secretary of state or similar office first provides public notice of its creation or registration, whichever is earlier. Reporting companies created or registered on or after January 1, 2025, will have 30 calendar days from actual or public notice that the company’s creation or registration is effective to file their initial BOI reports with FinCEN.

Companies required to report are called reporting companies. There are two types of reporting companies:

  • Domestic reporting companies are corporations, limited liability companies, and any other entities created by the filing of a document with a secretary of state or any similar office in the United States.
  • Foreign reporting companies are entities (including corporations and limited liability companies) formed under the law of a foreign country that have registered to do business in the United States by the filing of a document with a secretary of state or any similar office.

  1. Its legal name
  2. Any trade names, “doing business as” (d/b/a), or “trading as” (t/a) names
  3. The current street address of its principal place of business if that address is in the United States (for example, a U.S. reporting company’s headquarters), or, for reporting companies whose principal place of business is outside the United States, the current address from which the company conducts business in the United States (for example, a foreign reporting company’s U.S. headquarters
  4. Its jurisdiction of formation or registration
  5. Its Taxpayer Identification Number (or, if a foreign reporting company has not been issued a TIN, a tax identification number issued by a foreign jurisdiction and the name of the jurisdiction)

You could face civil and criminal penalties if you disregard your beneficial ownership information reporting obligations.

Industries We Serve

Finance and insurance

In the highly regulated finance and insurance sectors, maintaining compliance is crucial but often challenging. Comply Simplified is here to make compliance straightforward and stress-free. Our specialized services in Beneficial Ownership Reporting are designed to keep your financial or insurance business in full regulatory compliance, safeguarding your operations from potential risks. With our comprehensive approach, we manage all aspects of ownership reporting, ensuring accuracy and timeliness. Trust us to simplify the complexities of compliance, so you can focus on what matters most – providing excellent financial services and insurance solutions to your clients.

Startup and technology

Launching a startup is exhilarating, but the regulatory landscape can be overwhelming. Comply Simplified is dedicated to making compliance hassle-free for startups. Our expertise in Beneficial Ownership Reporting helps new businesses navigate the complexities of regulatory requirements from day one. We provide tailored solutions that streamline the compliance process, allowing you to focus on innovation and growth. With Comply Simplified, you can rest assured that your startup is fully compliant, giving you the peace of mind to pursue your entrepreneurial dreams.

E-commerce

Navigating compliance in the fast-paced world of e-commerce can be daunting. At Comply Simplified, we take the complexity out of compliance so you can focus on growing your online business. Our expertise in Beneficial Ownership Reporting ensures that your e-commerce platform meets all regulatory requirements with ease. From managing ownership data to staying ahead of compliance changes, we provide a streamlined solution tailored to the unique needs of e-commerce businesses. Our tools help you navigate the legal intricacies so that you can concentrate on delivering an exceptional shopping experience to your customers.

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Small business owners trust Comply Simplified

Small business owners trust Comply Simplified because we understand their unique challenges and provide tailored solutions that make compliance straightforward and stress-free. Our expertise in Beneficial Ownership Reporting ensures that all regulatory requirements are met efficiently, allowing small business owners to focus on what they do best—growing their business. With Comply Simplified, compliance becomes one less worry on their plate, giving them the confidence to thrive in their respective industries.

32.6 M
Small businesses may need to file
<1%
Are ready to complete the filing
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30M+
must file

Latest From Our Blog

Sep 10, 2023

Breaking Down Beneficial Ownership Reporting for Small Businesses

As a small business owner, you wear many hats—from managing day-to-day operations to planning for growth. Amidst these responsibilities, staying compliant with regulations like Beneficial Ownership Reporting is essential but can feel overwhelming. In this blog post, we'll demystify Beneficial Ownership Reporting for small businesses, explaining what it is, why it matters, and how you can ensure your business meets all the necessary requirements. Our goal is to simplify the process, providing you with the knowledge and tools to stay compliant with confidence.

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Sep 10, 2023

Beneficial Ownership Reporting for Barbershops

Running a barbershop is all about creating a welcoming environment and delivering top-notch grooming services to your clients. However, amidst the clippers and razors, there's an important aspect of business that often gets overlooked: compliance. Beneficial Ownership Reporting might sound complicated, but it's crucial for ensuring your barbershop operates within the legal framework. In this blog post, we'll break down everything you need to know about Beneficial Ownership Reporting for barbershops, making it easy to understand and implement, so you can focus on keeping your clients looking sharp.

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