Secure BOI Filing for Corporate Transparency Act 

Introduction

The Corporate Transparency Act has changed how ownership details are reported in the United States. Businesses must now understand when BOI filing applies and how to file it safely and correctly.

At Ebizfiling, we guide companies through secure and compliant BOI filing under the Corporate Transparency Act. This guide explains the filing process, exemptions, risks, and how to avoid common mistakes.

What Is the Corporate Transparency Act and BOI Filing?

The Corporate Transparency Act is a US federal law introduced to prevent the misuse of companies for illegal activities. It requires certain entities to report their beneficial ownership details to the Financial Crimes Enforcement Network.

As clarified in FinCEN guidance, this data helps authorities track money laundering and fraud, while remaining confidential and not part of public records.

BOI filing refers to the process of submitting Beneficial Ownership Information to FinCEN. It includes details of individuals who own or control a company and must be filed only through the official FinCEN BOI E-Filing System.

Who Needs to File BOI Reports?

1. Foreign companies registered to do business in the United States must file BOI reports with FinCEN.
2. Most US domestic companies are exempt from BOI filing under the Corporate Transparency Act.
3. Banks, publicly listed companies, and regulated entities do not need to file BOI reports.
4. Each entity should check its exemption status before proceeding with BOI filing.

BOI Filing Applicability Snapshot

Why Secure BOI Filing Matters?

BOI filing includes sensitive personal data. Incorrect or insecure filing can expose owners to identity misuse. FinCEN confirms that only its portal provides government-level data protection.

This is why Ebizfiling always stresses official and secure filing routes.

How to File BOI Securely Through FinCEN?

Filing BOI is a structured process. Each step needs accuracy and verification.

BOI Filing Steps:

1. Visit the official FinCEN BOI portal
2. Select web form or PDF upload method
3. Enter company and beneficial owner details
4. Upload valid identity documents if required
5. Certify accuracy and submit the report
6. Save the confirmation receipt

As per FinCEN instructions, there is no filing fee involved.

How to Identify Beneficial Owners Correctly?

Beneficial owners are individuals with control or ownership. This includes decision makers even without equity. As explained by FinCEN, ownership alone does not define control.

Our team helps determine reportable individuals accurately.

BOI Filing Scams and Penalties to Be Aware Of

FinCEN has clearly warned businesses about phishing and fake BOI filing requests. No email, call, or message will ever ask for payment to complete BOI filing. Any communication demanding fees or threatening penalties upfront is fraudulent and should be ignored.

Ebizfiling always advises clients to rely only on official FinCEN sources. Simultaneously, entities that are required to file must comply correctly. FinCEN can impose civil and criminal penalties for willful non filing or false reporting. These penalties apply only to companies covered under the Corporate Transparency Act.

This is why verifying exemption status before filing is an important compliance step.

How Ebizfiling Works for BOI Filing?

1. We assess whether BOI filing applies to your business
2. We confirm exemption status under current CTA rules
3. We collect and validate ownership information
4. We assist with secure FinCEN portal submission
5. We ensure confirmation records are preserved

Conclusion

The Corporate Transparency Act has reshaped ownership reporting rules. While many US companies are exempt, foreign entities still face BOI filing obligations. Secure BOI filing through the official FinCEN portal is essential.

Ebizfiling helps businesses stay compliant under the Corporate Transparency Act with confidence. Please get in touch with us. We would be happy to assist you.

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