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FinCEN BOIR Reporting Update - Limited Reporting

The only entities that are required to report to FinCEN:

  • Foreign entities; AND
  • Foreign entities registered in the U.S.

The only beneficial owners that have to be reported within these foreign entities are: non-US citizens.

​More information is available on FinCEN’s website at https://www.fincen.gov/boi

SeedJura.CO - Entity Management Solution

SeedJura.CO manages all of clients entities, automatically produces org.chart, generates corporate documents, analyzes any applicable filings, complete required filings. Members of SeedJura.CO will receive updates on any required filings from any applicable new laws.

You can sign up for SeedJura.CO today by clicking here:
Sign up for SeedJura.CO

SeedJura.CO - an entity management tech solution offered by our law firm, SeedJura, PLLC.  Our lawyers are here to support you every step of the way.

how it works

Discover with SeedJura

Comprehensive Solution engineered by Lawyers and Technologists ​

FinCEN BOIR is complex, unlike typical entity filings that your registered agent can handle. It requires lawyers to analyze: which entities need to be reported to FinCEN and who the beneficial owners are for each reporting entity.​​

SeedJura.CO Module has you covered. Our exclusive process, engineered by our legal and tech experts, offers affordable solutions.​

Collect Information​

You don’t need to identify reporting entities or beneficial owners. Just provide the entity’s formation document, EIN number, and Operating Agreement/Bylaws with amendments.​​
‍
*Pricing and details of packages, click on Pricing tab above.​

BOI Analyzer by SeedJura.CO​
(Proprietary to SeedJura)

SeedJura.CO automatically analyzes entered information to identify reporting entities and their beneficial owners. ​​

We are lawyers, so there is no need for additional legal involvement for the analysis unless requested by you.

​​You’ll see a concise list of entities and beneficial owners on SeedJura.CO ready to be reported for FinCEN.

Report to FinCEN
​(FinCEN Authorized API Participant)

Once you click Confirm to File, SeedJura.CO will automatically transmit the required information to FinCEN via API to complete reporting.  SeedJura is a FinCEN Authorized API Participant.​​

Once your entity's FinCEN ID is received by SeedJura.CO from FinCEN, the FinCEN ID will automatically be connected with the applicable entity on SeedJura.CO. ​

Store and Organize in SeedJura.CO​

You will have secured access to your entities and FinCEN IDs via SeedJura.CO, including:​

  • Status of each entity and individual (any information still required before filing and filing status).​
  • Links to shared folders containing documents for each entity (Additional Features).
  • Organizational chart showing the relationships of all of the entities and individuals.​

Changes Trigger Reporting to FinCEN ​(Modification Reporting – Proprietary to SeedJura)

CTA requires reporting any changes to your entities and/or beneficial owner(s) to FinCEN.​

With SeedJura.CO, any modifications will trigger automatic re-analysis of entities and subsidiaries for modification reporting.    ​

Just click Confirm To File and with payment of additional fees, the reporting to FinCEN will be automatically completed by SeedJura.CO.

SeedJura.CO Module is supported by SeedJura, PLLC, our affiliated law firm.​

Contact us or sign-up today to get prepared

Sign up here.

*Note – FinCEN approval of SeedJura, PLLC as a FinCEN Authorized API Participant does not constitute or imply endorsement of SeedJura’s services or software by FinCEN.​

What's CO Module?
Pricing
What’s FinCEN BOIR?​
For Lawyers/ Accountants and Consultants​

SeedJura.CO gives you the flexibility to file if and when injunction is lifted/removed.  You have the following option at your fingertips once you create your account with SeedJura.CO:

  • Your first step on SeedJura.CO is to enter the relevant information.  SeedJura.CO will automatically analyze and identify the beneficial owners for each entity and get the entities ready to be filed.  All these will charge you a one-time sign-up fee of only $10.  
  • With SeedJura.CO, you can choose to voluntarily file now or file if and when the preliminary injunction is lifted/removed with a click of a button.
A one-time Sign-Up Fee of $10 is required for each account during the account sign up process.
The following only applies if you choose to file FinCEN BOIR:
$89.99 / entity Entered​
Get Started
You upload a few documents for each entity. ​​SeedJura extracts information from your uploaded documents.
  • Collect Information​
  • Analyze Information to determine what entities to report and who are beneficial owners​.
  • Report to FinCEN​
  • Store entities information and track status of the filing​
Modification Reporting: report any changes to FinCEN​ -  Additional $80 / entity

$89.99/ per entity
(With the 1st entity free)

Get Started
Collect Information

Simply enter your basic information on SeedJura.CO. After signing up, we’ll provide clear guidelines on the information you’ll need.

Analyze Information to determine
what entities to report and who are beneficial owners​ are
Report to FinCEN​
Store entity's information and track status of the filing​
Modification Reporting – report any changes to FinCEN

NOT INCLUDED
Additional $89.99 / entity

SeedJura.CO membership

$100 per year

Get Started

*SeedJura.CO membership is only for the use of SeedJura.CO Module.  It does not include any other SeedJura modules or the SOW platform benefits.  If you are interested in becoming SeedJura’s External General Counsel member, please contact generalinfo@seedjura.com or your account manager at SeedJura.

Benefits include:​

  • Modification Reporting - UNLIMITED (for entities already entered in SeedJura.CO)
  • Organize and host all of the entity documents
  • Access to your entities’ org. chart and documents on SeedJura.CO Module at any time​
  • Simple legal documents for your entities generated through SeedJura.CO

Comprehensive Solution engineered by our Lawyers and Technologists

Sign up here.

*Note – FinCEN approval of SeedJura, PLLC as a FinCEN Authorized API Participant does not constitute or imply endorsement of SeedJura’s services or software by FinCEN.​

What's CO Module?
Pricing
What’s FinCEN BOIR?​
For Lawyers/ Accountants and Consultants​

FinCEN BOIR
Quick Guide

CTA

Congress passed the Corporate Transparency Act in 2021, which requires the reporting of beneficial ownership information of each entity.​

Learn More
​
Deadlines

Original deadline was Jan 1st, 2025. However, a preliminary injunction of CTA enforcement has been issued by Texas District court on Dec 3rd, 2024. Therefore, the deadline is halted.

Penalties

Non-compliance may lead to criminal penalties with fines of up to $10,000 and a maximum 2-year imprisonment.​​

Also subject to civil penalties with fines of $591 per day for each day the report is not filed.​

Reporting

Each entity – unless it is exempted.

​​All beneficial owner(s) of each reporting entity.

CTA

Congress passed the Corporate Transparency Act in 2021, which requires the reporting of beneficial ownership information of each entity.​

Learn More
​
Deadlines

Entities formed BEFORE 2024 must report by the end of December 2024.​​

Entities formed in 2024 must report within 90 days after they are formed.

Penalties

Non-compliance may lead to criminal penalties with fines of up to $10,000 and a maximum 2-year imprisonment.​​

Also subject to civil penalties with fines of $591 per day for each day the report is not filed.​

Reporting

Each entity – unless it is exempted.

​​All beneficial owner(s) of each reporting entity.

Entity that has to Report
If the entity does not qualify for any one of the 23 exemptions, you need to report the entity to FinCEN along with its beneficial owner(s).  The entities that are subject to FinCEN BOI Reporting are “Reporting Entities.”
Types​
Reporting entities include limited liability partnerships, limited liability limited partnerships, business trusts, and most limited partnerships that have registered and/or formed with a secretary of state or similar office.​​

Trusts are EXCLUDED so you do not need to report a TRUST so long as the trust is not created by the filing of a document with a secretary of state or similar office. (Note that there are special rules of a trust which are further explained in the FinCEN BOIR website.) ​
Exemptions
There are 23 exemptions, which exempt an entity from beneficial ownership information reporting requirements.  These entities are mostly publicly traded companies, nonprofits, and certain large operating companies (i.e., at least 21 employees with $5 million or more revenue and a physical office in the U.S.).  

Click on the link below to see the 23 exemptions.​​ Note that just because the parent entity may be exempted from FinCEN BOIR, its subsidiaries that are part of a joint venture may still need to report to FinCEN.​
Learn More from FinCEN BOI Information – Small Entity Compliance Guide​

Who are -
‍Beneficial Owners
‍

OR

Individuals
Beneficial Owners must be INDIVIDUALS (not entities).​
Owner(s)
Owns or controls at least 25% of ownership interests (directly / indirectly).
Managers/Officers
Exercises substantial control (i.e., making decisions)
Settlor/Trustee/ Beneficiaries​
If a trust is more than 25% ownership interests, then depending on the type of trust, the individuals who have substantial control of the trust are BOs.​
Managers/Officers
Exercises substantial control (i.e., making decisions)
Owner(s)
Owns or controls at least 25% of ownership interests (directly / indirectly).
Settlor/Trustee/ Beneficiaries​
If a trust is more than 25% ownership interests, then depending on the type of trust, the individuals who have substantial control of the trust are BOs.​

SeedJura.CO Module is supported by SeedJura, PLLC, our affiliated law firm.​

Contact us or sign-up today to get prepared

Sign up here.

*Note – FinCEN approval of SeedJura, PLLC as a FinCEN Authorized API Participant does not constitute or imply endorsement of SeedJura’s services or software by FinCEN.​

What's CO Module?
Pricing
What’s FinCEN BOIR?​
For Lawyers/ Accountants and Consultants​

Your involvement, your call:
‍​Let SeedJura.CO Tackle the FinCEN BOIR Drudgery

FinCEN BOIR involves many tedious tasks. With our flexible arrangements, you dictate your level of involvement, empowering you to prioritize what truly matters to you – delivering exceptional expertise to your clients.​

Reliable

Unlike other technology filing websites, SeedJura.CO incorporates legal analysis in our proprietary BOI Analyzer to determine the reporting entities and their beneficial owners.​​

Our legal analysis is solid, thanks to meticulous scrutiny by our team of lawyers and consultants who invested countless hours into understanding regulations.

​​Through our innovative module, this legal analysis seamlessly integrates into our technology platform, effectively transforming legal insights into actionable processes and data. ​​

Our platform effortlessly connects with FinCEN via API, ensuring smooth and efficient filing.​

Credible

SeedJura.CO is backed by our affiliated law firm, SeedJura, PLLC. Companies utilizing SeedJura.CO become SeedJura, PLLC’s clients for FinCEN BOIR.​​

SeedJura, PLLC is also a FinCEN Authorized API Participant which allows SeedJura.CO to automatically and seamlessly file the reporting entities and their beneficial owners directly with FinCEN via API.

Flexible

You have full control over your level of involvement.  ​

  • You can simply connect your clients to us and we will take care of their FinCEN BOIR; or​
  • You can be involved in any part of the process on SeedJura.CO as you desire; or​
  • You can utilize SeedJura.CO to analyze and report FinCEN BOI for your clients.

SeedJura.CO Module is supported by SeedJura, PLLC, our affiliated law firm.​

Contact us or sign-up today to get prepared

Sign up here.

*Note – FinCEN approval of SeedJura, PLLC as a FinCEN Authorized API Participant does not constitute or imply endorsement of SeedJura’s services or software by FinCEN.​

What's CO Module?
Pricing
What’s FinCEN BOIR?​
For Lawyers/ Accountants and Consultants​

Blogs & Articles

March 7th, 2025 •  10 min read

Are There BOI Reporting Penalties? Common Mistakes & How to Avoid Them

The Financial Crimes Enforcement Network's (FinCEN) Beneficial Ownership Information Reporting (BOIR) is a core requirement under the Corporate Transparency Act (CTA), with the original deadline on January 1, 2024. To improve transparency and prevent illegal activities, the CTA requires reporting companies, including any limited liability company, corporation, partnership and other companies formed or registered in any state within the U.S., to report beneficial ownership information.

February 27th, 2025 •  10 min read

FinCEN BOI Reporting Requirements: A Guide for Real Estate Companies

As businesses, particularly those in the real estate industry, continue to grapple with the evolving legal landscape, including the Corporate Transparency Act (CTA), it is critical to know that based on the recent Feb. 18, 2025 court ruling, the injunction has been lifted.  This means that businesses will need to complete their FinCEN BOIR by the new deadline - i.e., March 21, 2025.

February 22nd, 2025 •  5 min read

FinCEN BOIR is back!  Who Needs to File a BOI Report? Full Compliance Checklist

The requirement for FinCEN Beneficial Ownership Information reports (FinCEN BOIR) under the Corporate Transparency Act (CTA) took effect on January 1, 2024. This is broadly recognized for forestalling illegal activities and money laundry avoidance and other criminal operations through expanded corporate ownership transparency. Based on a federal court's decision on February 18, 2025, the injunction which halted the CTA has been removed.  FinCEN BOIR compliance is required again, and the new deadline is March 21, 2025.

February 10th, 2025 •  4 min read

The BOI Report Deadline:
What You Need to Know in 2025

This is a quick guide providing you high-level overview of the FinCEN BOI reporting requirements and deadlines, including the most recent updates of the court cases.

January 26rd, 2025  •  4 min read

CTA FinCEN BOIR Update - CTA Preliminary Injunction Remains in Place

Yes, the preliminary injunction on the enforcement of the CTA is still in place. While the U.S. Supreme Court issued a ruling on January 23, 2025, that lifted an injunction, this does not affect a separate nationwide injunction issued by a Texas court on January 7, 2025.

Bottom line: You are not required to file the FinCEN BOIR at this time.

May 15th, 2024  •  3 min read

Why You Should Care About FinCEN BOI Reporting

Ignoring FinCEN BOI Reporting is risky and can result in severe consequences. The potential financial and legal ramifications make it imperative to focus on FinCEN BOIR compliance.

May 16th, 2024  •  5 min read

Filing May Be Easy but BOI Analysis is Hard

The BOI reporting requirements go beyond basic business filings and require a thorough examination of ownership structures to determine who truly holds beneficial ownership according to FinCEN’s definitions.

May 16th, 2024  •  2 min read

Curing BOI Anxiety

As the deadlines to file FinCEN BOI Reports approach, many companies are feeling “BOI Anxiety” because they are unsure how to comply or who can help them. Don’t worry, you are not alone.

Let's get started!

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