BOI Report

Get compliant and stay compliant with the new BOI reporting law

Did you know most businesses are required to file a BOI report before the end of this year? It’s true: A new BOI reporting law went into effect this past January. Companies registered to do business in the US must file by the deadline.

Navigating a new US federal law can be overwhelming — especially when missing a deadline or misfiling can result in civil and criminal penalties. The stress-free, risk-free solution? Let Dibble file your Beneficial Ownership Information report for you.

Exclusive savings for WooCommerce customers

As a WooCommerce customer you get exclusive savings so that you can get this requirement out of the way easily and get back to business quickly.

Skip the hassle

You could wade through government documentation and wonder if you’re filing correctly — or you can skip the hassle altogether and let the pros at Dibble do it for you. We’re a Financial Crimes Enforcement Network (FinCEN) authorized API participant so we can help.

File with confidence

Accurate, compliant filing = peace of mind. You can rest easy knowing that your BOI filing meets FinCEN requirements so you stay in compliance. Plus, we provide FinCEN status updates and clear confirmation when FinCEN has accepted your filing.

Avoid fines and penalties

Get ahead of FinCEN filing deadlines so you can avoid hefty criminal and civil penalties. Missed or incorrect filings can result in up to two years of imprisonment, criminal fines of up to $10,000 USD, and civil fines of up to $591 USD/day — over $4,000 USD per week! Yowza.

How it works:

Step 1: Tell us about your company

We ask you a few simple questions about your company and the individuals who own or control it. This info helps ensure your BOI report is accurate.

Step 2: We create and file your BOI report

We prepare a customized BOI report that meets all FinCEN requirements and we file it directly with FinCEN on your behalf. We’re a FinCEN authorized API provider so this is easy peasy.

Step 3: We confirm FinCEN has accepted your report

We provide you with status updates, and we send you final confirmation that your report has been accepted. FinCEN typically accepts BOI reports within a few days.

Step 4: We help you stay compliant

We monitor for changes to your information that might require an updated report. Since FinCEN requires that changes are reported within 30 days, we take the worry out of staying compliant.

Learn more about Dibble’s BOI reporting and compliance monitoring.

FAQs about BOI reporting

What is a Beneficial Ownership Information (BOI) Report?

A BOI Report outlines the ownership and control structure of a business, providing transparency about individuals who ultimately own or substantially control a company to the Financial Crimes Enforcement Network (FinCEN) in order to satisfy the requirements of the Corporate Transparency Act (CTA). Learn more about BOI reporting.

Who is required to file a BOI report?

Businesses, corporations, limited liability companies, and any other entity that has formed with a secretary of state or any similar office in the United States. This includes companies formed under the law of a foreign country that have registered to do business in the U.S. We make it easy to check whether your business is required to file with just a few simple questions–no need to share personal information or pay anything to check. Check here to see if your small business may be required to file.

Do non-US companies need to file?

If you formed a company with a secretary of state or any similar office in the United States in order to do business in the US, then you are required to file. Dibble will automatically check any exemptions as part of the process to help you understand whether you likely need to file.

When should a BOI report be filed?

Companies formed before 2024 will have until January 1, 2025 to disclose beneficial ownership information, while those formed in 2024 and 2025 onwards will have 90 days and 30 days, respectively, from the date of formation to file their initial report.

Updated reports are required when there are changes to previously reported information about the owners or controlling members of a business, or their identifying information. For example, an updated Beneficial Ownership Information Report is required when a beneficial owner’s primary residential address changes or when the ID that they submitted with the original report expires or when beneficial owners are added or removed.

Additionally, an updated Beneficial Ownership Information Report is also required if initially reported information is incorrect or if entities amend their formation documents. Businesses have 30 days from the date of the change or amendment to file an updated Beneficial Ownership Information Report.

Our annual plan takes this burden off of you so that you can enjoy peace of mind and can focus instead on running and growing your business.

What are the penalties for violating the BOI reporting requirements?

Penalties for violating (i.e. not filing, incorrectly filing, filing late, etc.) the BOI reporting requirements include civil penalties of up to $591 USD per day (that’s over $4,000 USD per week!) as well as criminal penalties of up to two years imprisonment and a fine of up to $10,000 USD.

Why use a service like Dibble to file a BOI report?

BOI reporting is a new federal requirement that can be confusing and time-consuming. Although beneficial owners may file themselves if they wish to, the majority of companies will likely opt for assistance to ensure accuracy, meet the strict deadlines, avoid errors or penalties, and save themselves the ongoing hassle.