Corporate Transparency Act
Stay compliant—even as the rules change.
Beneficial ownership reporting is evolving fast. Federal rules continue to change, several states have already introduced reporting requirements, and several more are considering adding their own. No matter the regulatory landscape, our BOI Reporting Service ensures:
- Your federal and state-level filings are handled nationwide.
- You’re covered now and as new regulations emerge.
- You never miss a deadline—we monitor, file, and keep you informed.
You get up to 4 filings per year all for just $199/year. No surprises. Total confidence.
No long-term obligations. Cancel anytime.
Want to Speak With an Expert?
Get advice from a licensed attorney with deep knowledge of BOI reporting procedures and best practices.
Put Beneficial Ownership Reporting on Autopilot
For U.S. and foreign companies navigating the shifting landscape of beneficial ownership reporting, Harbor Compliance’s BOI Reporting Service delivers unmatched peace of mind by not only managing federal filings (when required or requested), but also proactively monitoring and fulfilling existing and emerging state-level BOI requirements—all for one fixed subscription price.
As federal regulations continue to evolve and state jurisdictions add their own requirements, BOI Reporting Service protects you nationwide and ensures continuity, transparency, and long-term compliance confidence.
Sign up today and experience:
- Simple, secure online information collection
- Centralized data storage that streamlines information tracking and updates
- Automated notifications to keep you up to date on ongoing filing requirements
- Filing support for initial, updated, and corrected reports
The result is you spend more time focused on your core business operations and less time worrying about government filing requirements.
Peace of Mind in a Fragmenting Landscape
- The federal deregulation wave isn’t simplifying BOI—it’s shifting the burden to the states.
- New York already has new requirements, and others are rapidly following.
- Harbor Compliance handles it all—so you’re never caught off guard.
We Track. You Relax.
- Continual monitoring of shifting the burden state and federal rule changes.
- Centralized storage of your BOI data for easy updates.
- Transparent communication and rapid filing as requirements arise.
Our BOI Reporting Service caters to a wide range of businesses:
Multientity businesses
Corporations and LLCs
Small businesses
Multinational companies
Nonprofits that are not 501(c) exempt
How Our BOI Reporting Service Works
Complete the online form to order our BOI Reporting Service. We will collect the required data points to complete your order.
Reporting BOI to FinCEN
Provide basic company information today.
We collect beneficial ownership information and securely file.
You receive proof the initial filing has been completed and ongoing support for changes to your information.
Maintaining Beneficial Ownership Information Over Time
Reporting Beneficial Ownership Information is more than just a one-time filing. As beneficial owners change, companies must complete additional filings to notify FinCEN of the updates. Additionally, information submitted in error must be updated via corrected reports. Unlike the solutions offered by other providers, up to four initial, updated, and corrected reports are included in Harbor Compliance's BOI Reporting Service annually.
Support for Partners
Your clients demand solutions. Meet the call by partnering with Harbor Compliance.
Confidently respond to their needs with our best-in-class software and services. Interested in turning BOI Reporting Service into a new revenue stream for your business? We partner with firms of all kinds to simplify and expedite filing processes for their clients. Learn more about the Harbor Compliance Alliance.
Frequently Asked Questions
The Corporate Transparency Act (CTA) is a federal law enacted in 2021 as part of the National Defense Authorization Act. Its primary goal is to prevent money laundering, terrorism financing, and other illicit financial activities by promoting transparency within corporate structures.
The CTA requires entities to report the individuals with ownership and controlling stake to the federal government. This involves submitting beneficial ownership information (BOI) to the Financial Crimes Enforcement Network (FinCEN) and notifying the agency of any changes to the information as they occur.
The reporting requirement of the CTA became effective January 1, 2024. FinCEN began accepting beneficial ownership information reports on that date.
Key details required include the entity’s name, any trade or DBA names, state of formation, federal EIN, ID number from its domicile Secretary of State, the entity’s primary address within the US, full legal name of each beneficial owner, unique identifying number from an acceptable identification document, and more.
Beneficial owners have substantial control over or receive substantial economic benefits from a legal entity.
Due to recent federal changes, the definition of a "reporting company" was narrowed, and Beneficial Ownership Information Reports (BOIRs) became optional for businesses formed in the US. As a result, FinCEN does not currently assess penalties for companies that do not file.
However, BOI reporting is not going away. The future of BOI is at the state level. Certain states have already enacted BOI regulations, and several others are currently considering legislation. With so many federal and state changes, we’ve expanded our service to cover all BOI regulations at no additional cost to you.
Businesses can prepare by conducting an internal review of their company's structure and ownership hierarchy, collecting necessary documentation for each beneficial owner, establishing a centralized record-keeping system, ensuring regular updates, and training staff members for ongoing compliance.
In addition to the federal regulations, we are now tracking state requirements nationwide and completing any filings that your business needs. As part of your subscription, you will get the following:
- Federal requirements monitoring and filing
- State requirements monitoring and filing
- SOC-2 Compliant storage of your data
- Up to 4 filings per year, federal and/or state
