NEW BENEFICIAL OWNERSHIP INFORMATION (BOI) REPORTS REQUIRED FOR SMALL BUSINESSES

Starting January 1, 2024, over 30 million small business entities are required to file beneficial ownership reports with FinCEN. Your small business customers see you as their partner, and now, there is a way you can help.

CBAI has collaborated with Wolters Kluwer BizFilings to bring member banks a BOI reporting solution for their small business customers.

The solution we have endorsed for BOI reporting is BizFilings. BizFilings’ BOI reporting tool is fast, simple and secure:

  • Optimized for small business
  • Mobile-friendly interface that allows users to scan their drivers license or passport with their phone’s camera
  • Easy collaboration with beneficial owners in different locations
  • Help desk staffed with BOI experts that can guide customers through the form

Helpful Resources:
  • BizFilings: What other information is required? - download
  • BizFilings: Data Security and Protection - download
  • BizFilings: Fast, Simple and Secure - download

 
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