FinCEN BOI FAQ E.4
Can a company applicant be removed from a BOI report if the company applicant no longer has a relationship with the reporting company?
Cite as FinCEN Beneficial Ownership Information FAQ E.4 (Company Applicant)
No. A company applicant may not be removed from a BOI report even if the company applicant no longer has a relationship with the reporting company. A reporting company created on or after January 1, 2024, is required to report company applicant information in its initial BOI report, but is not required to file an updated BOI report if information about a company applicant changes.