What Steps Are Involved in the BOI Filing?

All BOI Filings Are Done Electronically

The filing of BOI reports is exclusively done electronically. This involves submitting required information about your business’s beneficial owners through a digital platform, like ComplyGuy. This process is mandated by FinCEN to enhance the transparency of business ownership and is a crucial step in preventing financial crimes.

Steps to File the BOI

Determine Whether You Must Report. For more information, consult our exemptions guide or take the BOI filing quiz.

Start Gathering Information. Compile information such as your (and your business colleagues’) driver’s licenses, addresses, and business EIN. Don’t have time to do it? That’s what ComplyGuy does for a living, so you don’t have to.

Decide How to File. You can file directly on FinCEN’s website or use ComplyGuy. You might ask why you should pay for a service if FinCEN is offering on their website for free. Our take on it is this: maybe the best things in life are free, but that list doesn’t include government websites. When you hire ComplyGuy, we help you build a profile which we can re-use when inevitably you have to make a BOI change in the future. This will save you valuable time and effort.

Procure Your Service (or use FinCEN). Decide whether you want to hire ComplyGuy to handle the filing for you or use the government’s website.

Enter and Submit BOI. Using our secure portal, ComplyGuy will work with you to enter BOI. Because our software has an API key which communicates directly with FinCEN’s servers, your information will be securely transmitted just like any other BOI filing.

Get a Receipt. With ComplyGuy, you’ll get a record of every filing and we will store this documentation in your profile for the life of your membership. If you decide to leave, you can take it with you.