The United States now requires most companies to disclose Beneficial Ownership Information (BOI) to the Financial Crimes Enforcement Network (FinCEN). Failure to comply can result in severe penalties.

At Shahid Nazir & Co. Chartered Accountants, we provide US BOI & FinCEN Reporting Services for overseas founders, foreign-owned US companies, and non-resident directors. Our approach ensures accurate reporting, proper documentation, and ongoing compliance monitoring.

📞 Book a Free BOI Compliance Consultation: infos@shahidnazir.com

Understanding BOI & FinCEN Reporting

Beneficial Ownership Information (BOI) reporting is a mandatory US compliance requirement introduced under the Corporate Transparency Act. It applies to most US-registered entities, particularly those with foreign ownership.

Companies must disclose:

• Beneficial owners and controlling persons
• Ownership percentages and control structure
• Identifying information as prescribed by FinCEN

Initial BOI Filing Support

• Assessment of BOI applicability
• Identification of beneficial owners and control persons
• Documentation review and data validation
• Electronic BOI filing with FinCEN

BOI Updates & Change Reporting

• Monitoring of ownership and control changes
• Preparation and filing of updated BOI reports
• Advisory on reportable events
• Compliance calendar management

BOI Compliance for Foreign-Owned US Companies

• BOI structuring support for non-resident owners
• Guidance on indirect ownership and control
• Documentation readiness for audits and reviews
• Cross-border compliance coordination

Record-Keeping & Compliance Support

• Maintenance of BOI compliance records
• Internal compliance checklists
• Support for bank, investor, or regulator queries
• Ongoing advisory to reduce compliance risk