BENEFICIAL OWNERSHIP INFORMATION (BOI)
IN ARIZONA

Welcome to our detailed Beneficial Ownership Information Report (BOI) guide in Arizona. This page is designed to help Arizona businesses understand and comply with BOI reporting requirements as per federal regulations.

OVERVIEW OF BOI
IN ARIZONA

Beneficial Ownership Information (BOI) refers to the information that certain businesses must report to regulatory authorities, outlining details about the individuals who ultimately own or control the company. In Arizona, BOI reporting is necessary to comply with federal standards established by the Financial Crimes Enforcement Network (FinCEN) under the Corporate Transparency Act (CTA).

WHO NEEDS TO FILE BOI REPORTS IN ARIZONA?

BOI reporting in Arizona applies to:

  • Corporations, LLCs, and other entities that are created by filing a document with the  Secretary of State of Arizona or a similar office in the State of Arizona.
  • Exceptions include publicly traded companies, certain regulated entities, and businesses that meet specific operational and financial thresholds. There are twenty-three types of Arizona entities exempt from filing BOI report. For more information visit our FAQ.

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FILE BOI REPORT

Gather up your paperwork and documents and make sure everything is in order. We can help!

HOW TO FILE BOI REPORTS IN ARIZONA

Filing a BOI report in Arizona involves:

1. Identifying Beneficial Owners: Determine who qualifies as a beneficial owner under the CTA guidelines.

2. Collecting Information: Gather personal information of the beneficial owners and company applicants, including names, addresses, and identification details.

3. Submitting the Report: File the report online with our BOI report filing service or through FinCEN’s e-filing system, adhering to the specified format and deadlines.

Our company uses a proprietary BOI Report filing system to help you stay compliant with federal regulations in three simple steps while reducing your filing time. We interface with FinCEN so you do not have to. Look no further. File your BOI report with us in three simple steps.

HOW TO FILE BOI REPORTS

GATHER
DOCUMENTS

Make sure you have all of the necessary documents and paperwork that are required.

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INPUT
INFORMATION

Enter all of your information into our secure database for processing.

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SUBMIT -
YOU'RE DONE!

Once you've verified your information, you can submit to file your BOI report.

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COMPLIANCE TIPS FOR ARIZONA BUSINESSES

To ensure compliance:

• Regularly review and update beneficial ownership information when needed. For more information visit our FAQ.
• Understand and monitor changes in BOI reporting requirements.
• When in doubt consult with legal experts, particularly for complex ownership structures.

FREQUENTLY ASKED QUESTIONS ABOUT BOI REPORT IN ARIZONA

We aim to make document processing simpler for you. Here, you can find answers to some of the most common questions about BOI reports in Arizona.

Non-compliance can result in civil penalties, including fines of up to $500 per day, and criminal penalties include imprisonment for up to two years and/or a fine of up to $10,000.

Yes, changes such as mergers, acquisitions, or restructuring can impact BOI reporting obligations. You must submit an updated BOI report if the information you previously reported in your initial BOI report changed. You must update your BOI report within 30 calendar days of the change.

No, the BOI reporting deadlines in Arizona align with federal guidelines set by FinCEN.

Under federal regulations there are no specific sectors that are exempt from BOI reporting. However, publicly traded companies, government entities,  regulated financial institutions and others are  exempt from filing BOI reports. There are twenty-three types of Arizona entities exempt from filing BOI report. For more information visit our FAQ.

If you are not sure if your company needs to file a BOI report take our assessment, Do I Need to File a BOI report?

Regular internal reviews, staying informed about legislative changes, and possibly appointing a compliance officer or a team responsible for BOI reporting can help Arizona businesses maintain ongoing BOI compliance.

Ready to file your initial BOI report or correct or update a previously filed BOI report? Look no further. File your BOI report with us in three simple steps.

If your Arizona company found inaccuracies in a previously filed BOI report, your company must file a corrected BOI report with FinCEN within 30 calendar days after your company becomes aware of, or has reason to know of, the inaccuracy in a prior report. Delays in correcting these inaccuracies within the allowed timeframe could lead to penalties.

Yes, foreign entities registered to do business in Arizona by filing a document with the Arizona Secretary of State or similar office, or foreign-owned Arizona companies are subject to BOI reporting if they are not one of the twenty-three exempt entities. This includes foreign entities registered or qualified to do business in Arizona.

If you are not sure if your company needs to file a BOI report take our assessment, Do I Need to File a BOI report?

Beneficial ownership is typically defined as individuals who, directly or indirectly, own 25% or more of the equity interests in a company or exercise significant control over it. This definition is consistent with the federal guidelines.

Yes, legal action, including civil penalties and potential criminal charges, can be taken against Arizona businesses that fail to comply with BOI reporting requirements. Compliance is crucial to avoid legal repercussions.

Our company has developed a proprietary filing system in compliance with FinCEN’s e-filing system to help you file your BOI report and stay compliant in three simple steps while reducing your filing time. We interface with FinCEN so you do not have to.

 

You can find additional assistance on our website by visiting our blog or FAQ, or additional resources on FinCEN website

Let's get started

FILE BOI REPORT

Gather up your paperwork and documents and make sure everything is in order. We can help!

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