HOAfiling Pricing
HOAs need to refile multiple times per year due to changing boards, HOAfiling helps you stay compliant year-round
Single Association
$199 / Year
Unlimited Filing Subscription
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Beneficial Ownership Information Report filed with FinCEN
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Streamlined beneficial owner information collection
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Automated information verification and monitoring
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HOA dashboard for tracking statuses of filing, ID document experiations, changes of address, annual meetings, and board member term dates
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Unlimited filings year round when changes occur
Multiple Associations
Custom Pricing
Management Companies
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Beneficial Ownership Filing reporting across your portfolio
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Unlimited HOAs and board members supported
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Full portfolio analysis and notifications for each HOA's compliance status
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Tailored user management for your company admins and managers
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Unlimited filings year round for all of your HOAs
Frequently Asked Questions
Do you have questions about Beneficial Ownership Filing with HOAfiling.com?
What is Beneficial Ownership Information
Beneficial ownership information refers to the personal details of individuals who own or control a significant portion (25% or more) of a company or have substantial decision-making authority over its operations.
What is the Corporate Transparency Act?
The Corporate Transparency Act is a federal law that requires many companies, including Homeowners Associations (HOAs), to report their beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN) in order to combat the use of shell companies for illicit financial activities.
Why do HOAs have to report beneficial ownership?
HOAs are required to report their beneficial ownership information under the Corporate Transparency Act because they are considered “reporting companies” under the law. This helps the government combat the use of shell companies for money laundering and other illicit activities.
What are the deadlines for filing BOI?
HOAs in existence before January 1, 2024, must file their initial beneficial ownership information report by January 1, 2025. HOAs created or registered between January 1, 2024, and January 1, 2025, must file within 90 calendar days of their establishment. HOAs formed on or after January 1, 2025, must file within 30 calendar days.
Who is a beneficial owner? What information will an HOA have to report about itself?
A beneficial owner is any individual who owns 25% or more of the units in an HOA or has substantial control over the association’s decision-making. HOAs must report their legal name, any trade names, current address, jurisdiction of formation, and Taxpayer Identification Number.
What is beneficial ownership information?
Beneficial ownership information includes the name, date of birth, primary residential address, and identification document details of individuals who own 25% or more of an HOA or have substantial control over its operations.
How does HOAfiling.com maintain compliance for HOAs?
HOAfiling.com helps HOAs maintain compliance by providing a user-friendly platform to easily input and update their beneficial ownership information, track filing deadlines, and receive automated notifications about any changes that require reporting.
Who will be able to access reported beneficial ownership information and for what purposes?
The beneficial ownership information reported to FinCEN will be accessible to federal, state, local, and tribal government officials for national security, intelligence, and law enforcement purposes. Financial institutions may also access the information in certain situations with the reporting company’s consent.
What will a reporting company have to report about its beneficial owners and company applicants?
Reporting companies must provide the name, date of birth, residential address, and identification document details for each beneficial owner (individuals who own 25% or more or have substantial control) and company applicant (individuals responsible for the company’s formation or registration).
How will FinCEN protect beneficial ownership information?
FinCEN will store the reported beneficial ownership information in a secure, non-public database and will work closely with authorized parties to ensure the information is used only for permitted purposes and handled with the utmost priority on security and confidentiality.