How do I report changes or inaccuracies in previously submitted BOI information?

By
David Senawi
Compliance
2
min read
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To report changes or inaccuracies in previously submitted BOI information, businesses must file an updated report with FinCEN. This updated report should clearly identify the changes or corrections needed, such as updates to beneficial owner information, changes in ownership interest, or corrections of any errors. The updated report must be filed within 30 days of discovering the inaccuracy or change. Ensuring timely updates helps maintain compliance and avoid penalties. Regularly reviewing submitted BOI information and promptly addressing any discrepancies can help businesses stay compliant with reporting requirements.

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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.