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BOI-Report

What is BOI-Report?

The Beneficial Ownership Information (BOI) Reporting Rule is a significant regulatory requirement aimed at enhancing transparency in corporate ownership structures. Implemented by the Financial Crimes Enforcement Network (FinCEN), this rule mandates that certain business entities disclose information about their beneficial owners to prevent and combat illicit activities such as money laundering, tax evasion, and terrorist financing.

My Comprehensive Services Include:

  • Initial Assessment: Conduct a thorough analysis to determine if the entity is subject to the BOI Reporting Rule.
  • Regulatory Guidance: Provide detailed information about the rule, its requirements, and deadlines.
  • Tailored Advice: Offer customized advice based on the entity’s specific structure and operations.
  • Ownership Analysis: Identify individuals who qualify as beneficial owners under the rule.
  • Control Assessment: Evaluate who exercises substantial control over the entity.
  • Documentation Support: Help gather and verify the required information for each beneficial owner.
  • Data Gathering: Collect necessary details including names, dates of birth, addresses, and identification numbers.
  • Verification Processes: Implement procedures to ensure the accuracy and completeness of the collected information.
  • Data Security: Ensure the secure handling and storage of sensitive information.
  • Form Preparation: Prepare the required forms for BOI reporting, ensuring all information is correctly entered.
  • Timely Filing: Ensure reports are submitted to FinCEN within the required deadlines, including initial filings and updates.
  • Electronic Filing: Utilize secure electronic submission methods for efficient and timely reporting.
  • Communication: Act as a liaison between the business and FinCEN or other regulatory bodies.
  • Issue Resolution: Assist in resolving any issues or discrepancies related to BOI reporting.
  • Regulatory Updates: Keep the business informed about changes in regulations and compliance requirements.
  • Risk Assessment: Identify and assess risks related to non-compliance with the BOI Reporting Rule.
  • Mitigation Strategies: Develop and implement strategies to mitigate identified risks.
  • Policy Development: Help create internal policies and procedures to ensure ongoing compliance.

Contact Me Today

Call (541) 645-0006

John Burke, CPA

 
Office Hours:



Monday-Friday


9 a.m. – 5p.m.


Address:
7013 W Park Ct


Brookings, OR 97415

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