BOI Reporting Services
To better serve our valued clients’ needs, Accountability Services has introduced a Beneficial Ownership Information Reporting service package to facilitate your compliance with new Financial Crimes Enforcement Network (FinCEN) filings as required by the U.S. Treasury.
In addition to filing the initial BOI report on your company’s behalf, Accountability Services will be providing ongoing support to help keep you in compliance moving forward.
Ongoing Support
The following benefits are included in your annual ongoing support fee:
- Beneficial Ownership Information kept on file for easy updating
- Automated reminders sent to help keep you in compliance
- BOI reporting software license fully covered
- NOTE: BOI reporting updates do incur an additional fee
BOI Reporting Updates
Under the Corporate Transparency Act, changes to BOI must be updated with the Financial Crimes Enforcement Network within 30 days of the change. Failure to report in a timely manner may result in penalties or fees.
The following changes trigger a requirement to update your BOI filing. Be sure to reach out to our team if and when you need to update your information. Remember that it is your responsibility to inform us of changes within a reasonable time frame to update your filing before the 30 day deadline.
- A new individual qualifies as a beneficial owner
- An individual is no longer a beneficial owner
- When a shareholder's ownership percentage increases/decreases significantly, potentially changing their status as a beneficial owner
- Change in company information - business name, address or state of incorporation
- Change in company structure due to a merger, acquisition or significant reorganization
- Changes in any beneficial owner's personal information - name, address, ID number
- NOTE: No annual filing is required if there are no changes
