How to tell if you are exempt from filing a Beneficial Owner Report
Is your business exempt from filing a Beneficial Ownership Information Report (BOI)? Let's break down the exemptions in plain English and help you figure it out.
Let's start with the most common exemptions that might apply to your business:
You're exempt if ALL of these apply:
You don't need to file if you're:
No filing needed if you're:
Several other types of businesses are exempt, including:
Your company might qualify as "inactive" and exempt if ALL these apply:
Not sure if you qualify for an exemption? Palm can:
Remember: Claiming an exemption incorrectly can result in penalties. When in doubt, it's better to file or seek professional guidance. Palm can help you make the right decision and maintain compliance.
For the most current information, always check the official FinCEN website at www.fincen.gov/boi or consult with Palm for guidance specific to your situation.
Need help determining if your business qualifies for an exemption? Palm can provide a quick assessment and help you stay compliant with all BOI requirements.
The Complete Guide to BOI Exemptions: Does Your Business Qualify?
How to tell if you are exempt from filing a Beneficial Owner Report
The Real Cost of Missing the BOI Deadline Explained
Missing the BOI deadline isn't just about fines. Discover how it can impact your business operations, credit, and future growth.
5 Myths About BOI Filing You Need to Stop Believing
Separate fact from fiction with these 5 myths about BOI filing. Avoid stress and penalties by understanding the truth behind BOI requirements.
Who Must File a Beneficial Owner Information Report
Unsure Who Needs to File a Beneficial Owner Information Report? Learn which businesses must comply to avoid penalties and ensure transparency.
Don’t Fall For It: The Small Business Guide To Avoiding BOIR Scammers
You have likely heard about the new federal requirement to identify & report beneficial ownership information (BOI) to FinCEN (Financial Crimes Enforcement Network). While this requirement is legitimate, Bad Actors and Scammers are exploiting it to target unsuspecting business owners while also raking in millions of dollars in fees from unsuspecting Small Business Owners.
Understanding the Beneficial Ownership Info Report (BOIR)
Navigate the complexities of the Beneficial Ownership Information Report (BOIR) to ensure compliance and avoid penalties.
The BOI Ripple Effect: How This Filing Could Impact Your Business's Future (Beyond the Obvious)
In the post-BOI world, early compliance isn't just about meeting a deadline – it's about securing your business's future.
The Hidden Costs of Filing BOI Late: What 87% of Business Owners Don't Know
Are you underestimating the true costs and implications of delayed BOI filing? Find out now!
How AI Can Save Your Restaurant Time & Money
Restaurant finances just got easier.
The Top Five Small Business Benchmarks You Need to Know
Reach your goals with Palm
Let us get our hands dirty with your finances so you don’t have to.
Learn how Palm is helping service providers save time & money with AI
Expense Management for Small Businesses, Made Easy
AI Expense management for small businesses
AI 101 for Small Businesses
What you need to know about how AI can help your small business.
Most Asked Question: Where Do I Spend The Most Money?
Better understand your business spending using AI
Most Asked Question: Why do I need to connect my business account?
Data & Security
How To Start and Grow Your Small Business
Looking to start or grow your small small business? Read this first.
How to defer your Economic Injury Disaster Loan [EIDL]
Do you have a Covid-19 Economic Injury Disaster Loan [EIDL]? Read on to learn how to defer and find savings.
4 small business tax tips if you haven't already filed
Running under the gun to save money on your taxes? Read on!
How to find savings on your small business insurance
Read this if you have small business insurance.
How to find free small business grants
Your guide to federal and corporate grant opportunities
Your guide to State and Local Small Business Grants
Read on if you're looking for a small business grant at the state and local level.
The top macro trends affecting small businesses
Trends you should understand to help your business grow
Five ways to manage inflation & rising business costs
Read on for tips on how to find savings for your business.
Managing small business finances with AI
Business expenses just got easier.
What you need to know about National Small Business Week
It's National Small Business Week 2024 - here's whats happening, the hot topics like AI, and how you can get involved.
Why your business health matters
Is your small business healthy? Read on to find out.
How to combat labor shortages with AI and technology
Learn how small business owners like you are using AI and technology to address labor shortages & costs.
Five Cash Flow Management Tips for Small Businesses
Automate the gruntwork with AI
How to grow your small business with AI
AI is here to stay - here's how it can help your small business.
Remove the chaos from small business finances with AI
Learn how Palm and AI can help you achieve peace of mind as a small business owner.
The small business guide to a successful summer
Sizzling hot tips to grow your business this summer.
How to e-file your BOIR
Read on to learn more about filing your mandated Beneficial Ownership Information Report with Palm.
Who needs to file a BOI Report?
How to know if you have to file a Beneficial Owner Information Report
Don't miss your BOIR deadline!
Learn how to file your Beneficial Ownership Information Report with Palm.
What is a BOI Report?
Learn what a BOI Report is and how to avoid severe penalties when you file with Palm’s automated process.
When to file your BOI Report
Learn all about when you need to file your BOI Report and how Palm can help you file in a few easy steps.
What's keeping your small business from growing?
Here are the key growth factors to consider for the health of your small business.