Prairie Community Bank and Wolters Kluwer are partnering to help small businesses meet BOI Reporting requirements
and ensure compliance by the federal deadline.
The January 1, 2025, federal deadline to submit Beneficial Ownership Information (BOI) reports to FinCEN is fast approaching.
By the end of this year, over 30 million small business entities are required to file beneficial ownership reports with FinCEN. Failure to comply with this requirement can result in steep fines, civil penalties, and possible jail time.
Does my business need to file? Take the short BizFilings’ BOI quiz to find out your filing status.
Time is running out to meet BOI reporting requirements. Prairie Community Bank has partnered with Wolters Kluwer to offer the BizFilings Beneficial Ownership Information Filing Solution—a streamlined, automated tool that reduces filing times and the risk of errors, ensuring compliance with FinCEN.
What is the Beneficial Ownership Information Report & Corporate Transparency Act?
BOI reporting is part of the Corporate Transparency Act that Congress passed in 2021 to crack down on money laundering, financing of terrorism, tax fraud and other illegal acts. The BOI report will contain personal identifying information about a company's beneficial owners that will be filed with FinCEN - the U.S. Department of Treasury's Financial Crimes Enforcement network.
Top 5 Things Small Businesses Need to Know about Corporate Transparency Act
Time is running out to meet BOI reporting requirements. Prairie Community Bank has partnered with Wolters Kluwer to offer the BizFilings Beneficial Ownership Information filing solution - a streamlined, automated tool that reduces filing times and the risk of errors, ensuring compliance with FinCEN.
Avoid penalties and fines - get organized, save time, and file your BOI report today.
Additional Beneficial Ownership Information Resources