Utilize advanced technology solutions to streamline your BOI compliance process. Protect your business and maintain trust within your industry.
Don't let stress and complexity interfere with your business. Ensure compliance and avoid the consequences. Simplify the process, and allow yourself to focus on your core operations:
Opting for Payday HCM's BOI Management service turns a complex legal requirement into a streamlined, efficient process. Our expertise ensures your business stays compliant with BOI regulations. We handle every detail, from data collection to report submission, allowing you to concentrate on your core operations without worry.
You have everything handled — from data collection and verification to report submission and ongoing support.
Whether you're a small or large business, compliance is essential. Let your company demonstrate transparency and accountability.
Non-compliance can result in fines of up to $500 per day, potential imprisonment, and reputational damage.
Our BOI Filing service is designed to do the work for you so you remain compliant.
We gather all necessary beneficial ownership information from your business to ensure compliance.
We meticulously verify all collected data to ensure its accuracy and completeness.
We prepare detailed BOI reports that meet all regulatory requirements of the Corporate Transparency Act.
We handle the electronic submission of your BOI reports to FinCEN, ensuring timely and accurate filing.
We provide continuous support to address any questions or updates needed to maintain compliance.
We offer strategic advice to help mitigate risks associated with BOI non-compliance and ensure your business remains compliant with evolving regulations.
Mursal McCollum
You shouldn't have to manually file for BOI compliance. We’ll do everything for you so you can focus on your business.
Tell us what you need to file and we will start the process.
Deliver us the details of your company, and we will do the reporting for you.
You've avoided the fines and penalties. Great! Now get back to what you love.
BOI is new to the HR ballgame. Here are three of the hottest questions we received and answered to help guide you.
BOI is the detailed identification of individuals who own or control a company. It includes the company's legal name, trade name, street address, state of registration, taxpayer identification number, and the beneficial owner's full legal name, date of birth, residential address, and unique ID number from an acceptable form of identification.
All corporations, LLCs, and legal entities formed under U.S. State or Native American jurisdiction must file BOI reports. This also includes foreign entities registered to do business in these jurisdictions. However, certain entities, such as publicly traded companies, nonprofits, and specific large operating companies, are exempt from filing.
Non-compliance with BOI reporting requirements can result in penalties, including fines of up to $500 per day, with a maximum penalty of $10,000. Additionally, non-compliance can lead to criminal sanctions, including imprisonment for up to two years.
Read our articles on everything BOI.
Let us take the wheel. We will guide you and your business through the process of being compliant. Tell us what you need, whether you're a current client or a new one. Let's get it started.