What happens if an exempt company files a BOI report? Is there a downside? July 18, 2024 02:02 Updated Other than being unnecessary and reducing privacy, there is no real downside. Related articles What is the procedure to correct inaccuracies in a BOI report? Is a correction required? Does FinCEN protect my information? Is my BOI report accessible to the public? Who is able to access my BOI reporting information? Are trusts required to file a BOI report? What should trusts do to comply with the CTA? Are FinCEN identifiers obligatory? Should I obtain a FinCEN ID? Can employee counts from related companies and/or control groups be combined to qualify for the large operating company exemption?