Exchange Bank Partners with Wolters Kluwer to Provide BixFilings BOI Reporting Solution

Starting January 1, 2024, over 32 million businesses are required to file Beneficial Ownership Information (BOI) reports to meet the Corporate Transparency Act requirements.

Exchange Bank, Milledgeville, has partnered with Wolters Kluwer to offer the BizFilings Beneficial Ownership Reporting Solution, helping businesses comply with the new regulation. This convenient tool simplifies the process of filing Beneficial Ownership Reports, ensuring compliance with federal regulations and avoiding penalties.

This service is available to both Exchange Bank customers and any business in need of a reliable filing solution. The bank’s website offers numerous resources, including a quiz to determine if a business needs to file a report.

CBA hosted a virtual presentation from Wolters Kluwer last month on “Beneficial Ownership Reporting for Your Small Business Customers.” Here is a link to access the recording should you wish to learn more about offering the BizFilings program at your bank.