Government Wesbite | NCS BOI Filing | |
---|---|---|
Average Time to Complete | 45+ minutes | 10 minutes |
Filing Updates: Corrections & Changes | No history or prior filings stored - updates require complete new submissions | History stored - only update what has changed |
Coordinated Filings for Multiple Beneficial Owners | Must sit simultaneously at the same computer to submit or have someone complete on behalf of all BOIs | Workflow and routing enables each BOI to enter their data |
Providing ID's | Entering BOI data & providing ID's are two distinct steps | Provide ID (snap pic from mobile or upload on PC) all BOI data auto populates (no data entry required) |
Notifications for Required Filing Updates | None | Notifications provide nudges of when documents are expiring and updated filings may be required. |
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