I’m new to this compliance thing. How do I file a BOI report for my U.S. company as a nonresident?
Answer by: Abdullah Al Naim
6 months ago
Filing a Beneficial Ownership Information (BOI) report with FinCEN is a straightforward process that ensures compliance with the Corporate Transparency Act (CTA). Follow these steps to file your BOI report:
Steps to File a BOI Report
1. Create an Account on the FinCEN Portal:
Visit the official FinCEN website and set up an account to access the BOI filing system.
2. Gather Required Information:
- Collect beneficial ownership details, including:
- Full legal name, date of birth, and residential address of the owners.
- Identification details, such as passport or driver’s license.
- Company details, including legal name, Employer Identification Number (EIN), and incorporation information.
3. Enter the Information:
Log into the portal and input the collected details accurately in the relevant fields.
4. Submit the Report:
Review the entered information for accuracy and submit the report to FinCEN. Keep a copy of the confirmation for your records.
Why Accuracy Matters
Submitting incorrect or incomplete information can lead to penalties, including $591 daily fines and potential criminal charges for willful noncompliance.
Need Expert Assistance?
If you’re unsure about the filing process or want to ensure your report is accurate, consult compliance experts like Business Globalizer. We simplify the process, ensuring your BOI report is filed correctly and on time.
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 filing done today:
With Business Globalizer, you can file your BOI report with confidence, avoiding penalties and staying compliant.
