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Wolters Kluwer

Partner Type: Affinity

Avoid Beneficial Ownership Information Reporting Non-Compliance Penalties

NAWBO is collaborating with Wolters Kluwer BizFilings, the preferred provider of business compliance solutions, to offer members a Beneficial Ownership Information (BOI) Reporting solution that reduces filing times and errors. NAWBO members receive 5% off BOI report filings when you enter NAWBO5. This discount can be accessed on a dedicated NAWBO page that contains helpful resources, like a BOI eligibility quiz. Access it here.

About BOI Reporting and Penalties: In December 2020, Congress passed the Corporate Transparency Act as part of the National Defense Authorization Act that created a federal framework for reporting, storing and disclosing Beneficial Ownership Information of “reporting companies.” Most small businesses have until the end of 2024 to file their BOI report, or they face harsh civil and criminal penalties of up to $591 in fines per day and potential jail time.

Click here to visit the NAWBO-exclusive BOI landing page

As a trusted compliance partner trusted by over 500,000 small businesses, BizFilings can help you get organized, save time and protect your data today. BizFilings is the leading business compliance solutions provider with a history of innovation. For these reasons and more, BizFilings is best equipped to help NAWBO members comply with the CTA’s Beneficial Ownership requirement.

Beyond the new BOI report offerings, BizFilings has a variety of services supporting small business needs, including:

  • Business formation and incorporation services
  • Registered agent services
  • Business license research and filing
  • Annual report preparation and filing
  • Foreign qualification out-of-state registration
  • Certificate of good standing
  • And more
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