Franchise Tax & BOI Service
The Franchise Tax is a privilege tax imposed on each taxable entity formed or organized as an legal LLCs or Incorporations in a State or doing business in that State.
Each state has its own rules and costs for reporting franchise taxes, such as gross income limits, reporting frequency (annual, semiannual, or other periods), and the reporting deadline.
A BOI (Beneficial Ownership Information) report, also known as a Beneficial Ownership Information Report (BOIR), is a report required by the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury, under the Corporate Transparency Act.It discloses information about the individuals who own or control a company. This reporting requirement aims to combat money laundering and other financial crimes by making it harder to conceal ownership through shell companies.
Based on the most recent FinCEN guidance, as of March 26, 2025, only certain foreign entities are required to report beneficial ownership information (BOI) to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN).
Specifically, foreign entities formed under foreign laws that register to do business in the U.S. by filing a document with a state or Tribal jurisdiction are considered “reporting companies” and must file BOI reports with FinCEN unless exempt. Entities created in the United States and their beneficial owners are exempt from BOI reporting requirements as of March 2025.
We will report the franchise tax for you and, if necessary depending on the state, the public information report.
Copy of your franchise tax report or BOI report.