Penalties for Non-Compliance: Failure to file a BOI report or providing false or misleading information can result in significant penalties for small business owners. Penalties may include civil fines of up to $500 per day for non-compliance and criminal penalties of up to $10,000 and/or imprisonment for up to two years. How Rockerbox Can Help Small Businesses Comply with BOI Reporting: Rockerbox offers comprehensive assistance to small businesses in determining their BOI reporting obligations and filing requirements. Through our free discovery call, we help businesses assess whether they are required to file BOI reports and provide guidance on compliance. Additionally, Rockerbox sets up the BOI reporting process at no cost to the business owner, ensuring a seamless and hassle-free experience. Once the BOI report is submitted, we provide a confirmation binder containing all documentation and submission confirmations for the business owner's records.