How can legal advisors assist with BOI compliance?

By
David Senawi
Compliance
2
min read
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Legal advisors play a crucial role in ensuring BOI compliance by providing expert guidance on regulatory requirements and best practices. They help prepare and review BOI reports to ensure accuracy and completeness. Legal advisors also assist in navigating complex ownership structures and addressing legal issues related to reporting. They can offer insights on potential legal implications and advise on risk mitigation strategies. By working closely with legal advisors, companies can better understand their compliance obligations and avoid common pitfalls in BOI reporting.

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BOI Compliance, LLC (“BOI Comp”) is not affiliated with the US Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) directly. FinCEN permits third-party service providers to assist business owners in submitting reports through FinCEN’s BOI E-filing website or an Application Programming Interface. Once BOI Comp submits your report to FinCEN, you will receive confirmation. FinCEN does not charge a fee if you wish to navigate the government’s reporting application process yourself and submit your company’s BOI report directly to FinCEN.