Prairie Community Bank and Wolters Kluwer are partnering to help small businesses File Beneficial Ownership Information Reports
Accurately and securely submit your Beneficial Ownership Information Report to FinCEN.
On February 18, 2025, the U.S. District Court for the Eastern District of Texas granted FinCEN a stay order on its previously issued preliminary nationwide injunction on the enforcement of the Corporate Transparency Act (CTA). As a result, BOI reporting requirements are now mandatory. The deadline for most reporting companies is now March 21, 2025.
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.
Does my business need to file? Use BizFilings’ BOI quiz to find out your filing status. Walk through a series of questions designed to help businesses like yours understand their potential reporting status. Use the quiz to better understand your reporting status today.
Prairie Community Bank has partnered with Wolters Kluwer to offer the BizFilings' Beneficial Ownership Information Filing Solution—a streamlined, automated tool that is easy to use, reduces filing times and the risk of errors, ensuring compliance with FinCEN.
Top 5 Things Small Businesses Need to Know about Corporate Transparency Act
Avoid penalties and fines - get organized, save time, and file your BOI report today.
Additional Beneficial Ownership Information Resources