$200.00 – $300.00
All US businesses, including LLCs and C-Corps, are now required to submit a beneficiary ownership information return to the FinCEN, which includes identifying information about the people who directly or indirectly own or control a business.
Yes, if the business is
a) A domestic reporting business with a US incorporation; or
b) A foreign reporting firm that is registered to conduct business in the US but is not incorporated there
If the business is an exempt entity, the answer is no. The complete list of exempt entities is available here.
Inaccurate information or late filing of the BOIR might result in serious consequences.
a) A maximum of two years in prison;
b) Five hundred dollars every day until the infraction is fixed; or
c) A fine of $10,000.