Urgent Alert: New FinCEN BOI E-Filing Rules – Don’t Let Your Business Get Crushed by Costly Penalties
Did You Know that every business owner—whether you're a sole proprietor, run a small family business, or manage a large corporation—must comply with the new BOI e-filing requirements set by FinCEN? Failure to meet this obligation could result in severe financial penalties and even criminal charges that could cripple your business and your future. This is not optional; it’s a federal mandate that you cannot afford to ignore. Act now to protect your business by visiting FinCEN’s official website for more information and to complete your filing before it's too late. Additionally there is a FREE Guide with Step by Step instructions available - GRAB it HERE. Time is running out—don’t let non-compliance destroy everything you’ve built.
The Financial Crimes Enforcement Network (FinCEN) has rolled out new Beneficial Ownership Information (BOI) e-filing requirements that every business must take seriously. If you're a business owner, compliance officer, or legal professional, failing to comply with these rules could cost you big time—both financially and legally. The risks are real, the penalties are steep, and ignorance is no defense. In this post, we’ll break down what you need to do to stay compliant and protect your business from the crippling consequences of non-compliance.
What’s at Stake?
FinCEN’s BOI requirements are designed to crack down on illicit financial activities by bringing transparency to who really owns and controls businesses in the U.S. This means you must disclose detailed information about your company’s beneficial owners—those who pull the strings behind the scenes. Failure to do so could not only jeopardize your business reputation but could also lead to devastating financial penalties and even criminal charges.
Who Must File BOI with FinCEN?
The new rules apply to a broad range of entities:
Corporations
Limited Liability Companies (LLCs)
Partnerships
Trusts
Other similar entities
If your business falls under any of these categories, you’re required to report detailed information about every individual who owns 25% or more of the company or who has significant control over it.
The Devastating Penalties for Non-Compliance
If you think missing this deadline or overlooking a detail won’t hurt, think again. The penalties for failing to comply with FinCEN’s BOI e-filing requirements are not just a slap on the wrist—they can be catastrophic.
Civil Penalties:
Daily Fines: If you miss the BOI filing deadline, you’ll face a civil penalty of up to $500 per day for each day your filing is late. Imagine a 30-day delay—those penalties could snowball into a whopping $15,000. And that’s just for being late.
False or Incomplete Filings: If you submit inaccurate or incomplete information, you’re looking at the same $500 daily fines until you correct your mistakes. These fines don’t just hurt—they can cripple your cash flow, especially if you’re unaware of the errors for an extended period.
Criminal Penalties:
Willful Non-Compliance: If FinCEN determines that your failure to file or submission of false information was willful, you could be facing criminal fines of up to $10,000. But it doesn’t stop there—criminal charges could also lead to imprisonment for up to two years. That’s right, getting this wrong could land you behind bars.
Unstoppable Accumulation:
Daily Compounding Penalties: The real kicker is that these penalties accumulate every single day you’re out of compliance. A few weeks of inaction or oversight can easily multiply into tens of thousands of dollars in fines. And if your non-compliance drags on, the financial impact could reach six figures or more, threatening the very survival of your business.
The new BOI e-filing requirements are not just another administrative task—they’re a critical compliance measure that, if ignored, could have devastating financial and legal consequences. The penalties are severe, the risks are high, and the margin for error is razor-thin. Protect your business by understanding these requirements and acting swiftly to comply.
Don’t wait until it’s too late.
If you need help navigating the BOI filing process, check out FREE Step By Step GUIDE - CLICK HERE to GRAB.
