Yes, you can update or correct a Beneficial Ownership Information (BOI) report after filing. If you discover an error or experience changes in your company’s beneficial ownership details, you are required to file an amended report with FinCEN.

Key Guidelines for Amending a BOI Report

1. 30-Day Deadline:

Amendments must be submitted within 30 days of discovering the error or change to ensure compliance and avoid penalties.

2. What Can Be Updated?

• Beneficial owner information, such as names, addresses, or identification details.
• Company details, including EIN, incorporation details, or registered address.

3. How to Amend Your Report

Log into the FinCEN portal, locate your original report, and submit an amended version with the corrected details.

Ensure all updated information is accurate and complete to prevent further issues.

Why Timely Updates Are Important

Failing to update or correct your BOI report within the required timeframe can result in $591 daily fines and potential legal consequences for willful noncompliance.

Need Expert Assistance?

If you’re unsure how to update or amend your BOI report, consult compliance experts like Business Globalizer. We ensure your amendments are filed correctly and on time, safeguarding your business against penalties.

Learn more:

• FinCEN BOI Reporting: An Unavoidable Legal Compliance.
• How to File BOI Report with FinCEN]
• BOI Penalty 101: FinCEN BOI Penalty for Not Reporting

Get your BOI report updated today: BOI Filing Services

With Business Globalizer, you can handle BOI updates or corrections with confidence and ease.