Who must file the BOI

Entities formed before January 1, 2024 have until January 1, 2025 o  file the initial report. We recommend to FILE NOW. Once you file, should any of the reporting information change or beneficial ownership interest be sold or transferred, the entity must report this information within 30 days of the change or be subject to the penalties.

Lager entities that satisfy all o f the following criteria are exempt from reporting obligation:

1 – More than 20 full time employees in US

2 – Operating within US at a physical location owned or leased by the reporting company and not shared except with affiliates:

3 – More than 5 million in gross receipt or sales as reported on tax returns,