What is BOI? BOI stands for Beneficial Ownership Information. It's all about knowing who really owns or controls a company, even if they're not the ones officially listed. This helps keep track of things and prevents people from using companies to do bad stuff with money, like hiding it or doing illegal things. If you're a business owner, you might need to provide this information to stay on the right side of the law.

Why is it important for me to file now? All businesses need to file because it helps the government keep track of who's involved in running companies. This is important to prevent bad things from happening, like people hiding money or doing illegal activities through their businesses. By making sure everyone files, it makes it harder for people to get away with wrongdoing, and it keeps things fair for everyone.