A new service to help small businesses comply with the mandatory changes under the Corporate Transparency Act.
Boston Growth Partners is a U.S. Treasury Department Authorized API Participant
As of January 2024, business owners and managers must prove their ownership to PREVENT FINANCIAL CRIMES
Free up hours of government paperwork with our new service… take it off your list!
New law as of January 2024…
Millions of small businesses like yours with:
Less than $5M Revenues
OR Less than 21 full-time employees
OR no U.S. physical presence
are required by law to file Ownership Details (Photo IDs) and provide a new BOI report every time there are changes in ownership information immediately and from now on.
This needs to happen in 2024, and penalties are $500/day, up to $10,000 in fines and imprisonment.
“Wasting hours chasing people for their IDs, standing at the copier, and then pestering them for updates is a thing of the past!”
“More government paperwork means more headaches, and I don’t have time for that… thank you for giving me back time to run my business.”
We take the headaches and hassles out of gathering private information, securely filing and maintaining your ongoing BOI requirements
Set it and forget it!
Your FinCENConnect Subscription comes with:
✅ Unlimited Updates: never restart from scratch again
✅ Ease of Use: Photo IDs from camera! No standing at the copier….
✅ Private & Secure: We contact each person for you, so you don’t have to
✅ Confirmation Certificate: Receive email confirmation each time you file and update
✅ Automatic Alerts: Get license or passport expiration reminders
✅ Live U.S. Support Team: Rely on trusted CPAs and analysts with BOI experience
About FinCENConnect
Watch this video to learn more about the Corporate Transparency Act (CTA), and who is required to file Beneficial Ownership Information (BOI) with the Financial Crimes Enforcement Network (FinCEN).
FAQs
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The Financial Crimes Enforcement Network (FinCEN) is a bureau of the United States Department of the Treasury that collects and analyzes information about financial transactions in order to combat domestic and international money laundering, terrorist financing, and other financial crimes.
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Under the Corporate Transparency Act, limited liability companies (LLCs), corporations, limited partnerships (LPs), and limited liability partnerships (LLPs) are mandated to report their beneficial ownership details.
Effective Jan 1, 2024, the CTA was passed to enhance transparency in entity structures and ownership to combat money laundering, tax fraud, and other illicit activities.
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The Beneficial Ownership Information Report (BOIR) is a document that details the identities of individuals who have direct or indirect control or ownership over a reporting entity.
Information that identifies the individuals who directly or indirectly own or control a company.
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FinCENConnect by Boston Growth Partners is officially approved by the U.S. Treasury Department as an AUTHORIZED API PARTICIPANT
Why subscribe to a hassle free monthly service?
Your BOI reporting obligation is ongoing, from now on. Let us do the admin work of coordinating and reminding each owner so you don’t have to chase them around when there’s a change!