File your BOIR with Palm. It's easy and free.

All small businesses are now required to file a Beneficial Ownership Information Report by January 13th or you could get fined up to $10,000.

File my BOIR for free

How it works

The US Financial Crimes Bureau has partnered with Palm to make filing easier.

Fill out the BOIR form.

We’ll file it for free. It takes as little as 12 minutes and have peace of mind with our Accurate Filing Guarantee.

Never do it again.

We'll securely save your information and file it for you every year.

Enjoy your easier life.

With Palm you can autofill forms, get compliance reminders and more!

File my BOIR for free

What is the BOIR?

A new law went into effect January 1, 2024 requiring small businesses to report who their owners are through the Beneficial Owner Information Report (“BOIR”). This helps the US Financial Crimes Bureau protect businesses from money laundering, corruption, and fraud.

You are required to submit a BOIR if you:

‍1. Own an LLC or LLP
2. Have under $5M in revenue
3. Have under 21 employees

File my BOIR for free

Palm is the safe and easy way to stay compliant.

See every detail of your business in one place.

Automate your state and local filings.

Get notified of due dates, liens, and fraud.

Autofill forms for easy partner onboarding.

File my BOIR for free

Formation With Palm is Easy, Secure, & Safe

Step 1

Add your information

Legal Business Name & Trade Names or DBAs
Business Address & State of Formation or Registration
Federal Tax ID Number (EIN)
Owner(s) ID, Date of Birth & Address

Step 2

Expert personal review

Palm’s expert FINCEN team will manually review each submission & alert you with any changes or concerns

Step 3

Save For The Future

Palm submits directly to FINCEN through Palm’s Secure Integration and will send you your transcript and newly created FINCEN ID, saving your profile to file in future years.

Get Started Today

FAQs

What happens if you don't file?

Businesses who have not filed by January 13, 2025 will be charged a civil penalty of $591.00 per day and may be subject to additional criminal prosecution with fines starting at $10,000.00 and imprisonment of up to 2 years. Read more here

In addition, non-compliant businesses will likely face additional scrutiny from finance partners and banking vendors.

Filing is free and takes less than 3 minutes.

File my BOIR for free

The smartest way to stay compliant.

Start my free filing