Maika'i

& Palm Have Partnered

Free BOIR Filing for

Maika'i

Clients

Maika'i

is proudly partnering with Palm to help clients complete their BOIR filing. It's free and takes as little as 12 minutes.

File my BOIR for free
Let’s get started filing your BOI Report! It will take less than 3 minutes.

Just click here to begin.

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.

Do I need to file a BOIR?

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

Don’t worry.
Palm makes it easy.

1
Fill out the BOIR form.

We’ll file it for you for free. Have peace of mind with our Accurate Filing Guarantee. Get started >

2
Never do it again.

Every year we’ll file it for you and you can track it along the way.

3
Enjoy your easier life.

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

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?

Failing to comply can lead to serious consequences:
•  Criminal penalties: Up to two years in prison and/or fines up to $10,000.
•  Civil penalties: Fines up to $591 per day until you comply.

Deadlines to Remember:
•  Existing businesses (established before January 1, 2024): File by January 1, 2025.
•  New businesses (formed on or after January 1, 2024): File within 90 days of formation.

Even timely filings can incur penalties if information is inaccurate. Palm ensures your report is correct and comprehensive.

Who doesn't need to file?

Some entities are exempt from filing, including:
•  Publicly traded companies
•  Tax-exempt nonprofit organizations
•  Certain large operating companies
•  Other specific entities defined by FinCEN

Palm can help you determine if your business qualifies for an exemption, giving you clarity and peace of mind.

How does this affect LLCs?

Whether you own a single-member or multi-member Limited Liability Company (LLC), you're required to comply with the new reporting requirements. Palm simplifies this process, providing the guidance you need to meet federal mandates confidently and efficiently.

Do new businesses need to file?

Yes. New Businesses have to file within 90 days of formation or face penalties.

File my BOIR for free

The smartest way to file your BOIR.

File my BOIR for free