How to file BOI Report with ComplyCTA in 5 minutes

Filing your Beneficial Ownership Information (BOI) report is now a key requirement under the Corporate Transparency Act (CTA). The act will increase transparency in United States business ownership and avoid criminal activities.

With ComplyCTA, you can complete your BOI report quickly and accurately in just 5–10 minutes, avoiding the hassle of complex forms and the risk of penalties. Here’s a simple guide to filing your BOI report with ComplyCTA and ensuring your business remains compliant.

Step-by-Step Guide for BOIR Filing with ComplyCTA

If you are a busy professional, CPA, or business owner, you must seek reliable, quick, and efficient BOIR solutions. ComplyCTA offers a user-friendly experience with built-in guidance for seamless and accurate filing.

You can skip hours of frustration and avoid the usual challenges of using the FinCEN BOI filing portal with ComplyCTA. It’s the smart choice for easy, hassle-free BOIR filing.

Note: In this step-by-step guide, we’ve explained the initial BOI report filing

Step 1: Sign up to the ComplyCTA website.

Go to ComplyCTA’s dashboard page for BOIR filing and click on the “File Now” tab.

If you are an existing user, log in or create your account by filling in a few basic details, such as your name, email, and password, and signing up.

Step 2: Choose the “Type of Filing” relevant to your entity.

1. Initial Report ( if this is the first BOIR filed for the reporting company)
2. Newly exempt entity (If the company is now exempt from BOI reporting after filing a BOIR, check this box. Then, fill out fields 1e-1h from the most recent report.
3. Update Report (if the report updates a previously filed BOIR, for example, to include one or more new beneficial owners.)
4. Correct Report (if the report corrects inaccurate information from a previously filed BOIR.)

Step 3: Start filing the details

Click on “Get Started” and start with the first part of the form.

Report Company Information

In this section, you’ll enter essential details about the company.

1. Additional Information

Date Prepared: Select the date of filing.

Options:

• Existing Reporting Company: Check if the company has already been reported.
• Request to Receive FinCEN ID: Choose this if the company needs a FinCEN ID.
• Foreign Pooled Investment Vehicle: Select if applicable to the company’s structure.

2. Legal name and alternate name(s)

• Reporting Company Legal Name: Enter the full legal name of the company.
• Alternate Name (e.g., Trade Name, DBA): List any alternate names or DBAs (Doing Business As) the company uses.

3. Identification Details

• Tax Identification Type: Select the tax ID type (e.g., EIN).
• Tax Identification Number: Input the tax ID number.
• Country/Jurisdiction (if foreign tax ID only): Select the country/jurisdiction for foreign tax IDs.

     4. Registration Details

Country Jurisdiction of Formation: Choose the country where the company was formed.

5. Current U.S. Address

Address (number, street, and apt. or suite no.): Enter the full address of the company’s primary location.

City: Input the city.

State: Select the state.

ZIP Code: Enter the ZIP code.

U.S. or U.S. Territory: Choose the state or U.S. territory.

Report Beneficial Owners (s)

In this section, you’ll provide information about the individuals who own or control the company.

1. Add Existing Beneficial Owner

Select Beneficial Owner: Choose an existing beneficial owner if they’re already listed.

2. Additional Information

FinCEN ID: Enter the FinCEN ID if applicable.

Parent/Guardian Information Instead of Minor Child: Check if providing details for a minor child.

Exempt Entity: Check if the entity is exempt from reporting.

3. Beneficial Owner’s Information

First Name: Enter the first name of the beneficial owner.

Middle Name: Enter the middle name, if applicable.

Last Name: Enter the last name.

Suffix: Add a suffix (e.g., Jr., Sr.) if relevant.

Birth Date: Provide the birth date.

Email: Enter the business email address.

4. Residential Address
   

Address (number, street, and apt. or suite no.): Input the full residential address.

City: Enter the city of residence.

State: Choose the state.

ZIP Code: Enter the ZIP code.

Country/Jurisdiction: Select the country/jurisdiction.

5. Identification Details
   

Identifying Document Type: Select the document type (e.g., passport).

Identifying Document Number: Enter the document number.

Country/Jurisdiction: Choose the issuing country.

State: Select the issuing state, if applicable.

Local/Tribal: Choose local/tribal identification, if any.

Other Local/Tribal Description: Provide details for other local/tribal identification.

Identifying Document Image: Upload the document image.

Click Save & Continue when finished.

Report Company Applicant(s)

This section is for entering information about the individual(s) responsible for filing the company’s formation documents.

1. Add Existing Company Applicant

Select Company Applicant: Choose an existing company applicant from the list if available.

2. Additional Information

FinCEN ID: Enter the FinCEN ID if applicable.

3. Company Applicant Information

First Name: Enter the first name of the applicant.

Middle Name: Input the middle name, if applicable.

Last Name: Enter the last name.

Suffix: Include a suffix, if relevant.

Birth Date: Provide the date of birth.

Email: Enter the business email address.

4. Current Address
   

Address Type: Select the address type (e.g., residential, business).

Address (number, street, and apt. or suite no.): Enter the complete address.

City: Enter the city.

Country/Jurisdiction: Choose the country.

State: Select the state.

ZIP Code: Enter the ZIP code.

5. Identification Details

Identifying Document Type: Choose the document type.

Identifying Document Number: Provide the document number.

Country/Jurisdiction: Select the issuing country.

State: Choose the issuing state.

Local/Tribal: Select any local/tribal identification.

Other Local/Tribal Description: Add details for other local/tribal identification.

Identifying Document Image: Upload an image of the document.

Complete this section by clicking Save & Continue.

Step 4: Review all the details entered

After adding all the information, please double-check by clicking on each section,

• Company Information
• Beneficial Owner Information
• Company Applicant Information

And if everything is correct, click on “Submit to FinCEN”.

Step 5: Choose Your Pricing Plan

After clicking on the “Submit to FinCEN”, you’ll be redirected to the pricing page. Choose between a one-time or annual subscription.

Step 6: Status of your BOI report

Once the payment is made, you’ll be redirected to “Track Application Status,” where you can download and track the status of your BOIR filing.

These steps will ensure a smooth, accurate BOIR filing with us. It will help you stay compliant and avoid penalties.

Note: If there is any issue with your report or any further changes, you may be notified by email by us.

The Final Words

Failing to file or accurately update your BOI report can result in severe penalties, risking both your business’s finances and reputation. With ComplyCTA, you get a seamless filing process, real-time compliance tracking, and built-in AML checks that make BOI reporting quick, reliable, and error-free.

Protect your business, stay compliant, and avoid unnecessary penalties—file with confidence using ComplyCTA.

BOIR Filing FAQs

1. What is the deadline for BOIR filing?

The deadline for BOIR filing is January 1, 2025. To stay on track, use the “Track Application Status” feature for real-time updates on your filing progress.

2. How do I update my BOIR if there are changes in ownership?

Log in to your ComplyCTA account and select “Update/Correct Report” from the BOIR dashboard. ComplyCTA helps reduce errors by automatically checking your entries for accuracy, ensuring your information is always up to date.

3. What penalties apply for late or incorrect BOIR filing?

Late or incorrect BOIR filings may result in civil fines of up to $591 per day and, in serious cases, criminal penalties of up to $10,000 and two years in prison.