FileForms – The BOI Platform for Family Offices

Family offices manage large portfolios of assets typically held in various legal entities, many of which must be reported to the U.S. federal government by January 1, 2025, due to the Corporate Transparency Act (CTA). This law mandates that Beneficial Ownership Information (BOI) be reported to the Financial Crimes Enforcement Network (FinCEN) to enhance national transparency standards and combat financial crimes. BOI reporting can be time-consuming, as it requires extensive company and personal details filed on a manual-input government portal. Reports must be filed accurately and completely to avoid significant government fines. Additionally, information must be maintained and updated with FinCEN within 30 days of any changes.

FileForms is a leading technology platform developed by industry experts to provide a streamlined and secure bulk filing experience. With direct federal integration, FileForms helps institutions manage large volumes of legal entities and stay compliant with the CTA through simple and secure BOI reporting.