Dealing with Beneficial Ownership Information (BOI) reports can be tricky, especially when you run into issues like FinCEN Error Code SBE04. This error pops up when the entered Reporting Company information—such as Legal name, TIN, and country/jurisdiction—doesn’t match what’s on record. Here’s a step-by-step guide to help you resolve this error and how FincenFetch can make your Corporate Transparency Act reporting process smoother and more efficient.
Understanding and Fixing Error Code SBE04
What Does Error Code SBE04 Mean?
“Reporting Company information entered in Type of filing Items 1(e)-(h) cannot be matched to an existing Reporting Company. Please try again. If this problem persists, please contact the FinCEN Contact Center for assistance.”
Error Code SBE04 means there’s a mismatch between the details you entered and the existing records in the FinCEN database. This can happen when you’re updating previous reports or correcting past submissions.
How to Fix It:
Double-Check Your Entries:
- Ensure that the Legal name, TIN, and country/jurisdiction are entered accurately.
- Match these details with previous reports to avoid inconsistencies.
Maintain Consistency:
- Use the information from the most recently filed report when updating or correcting.
- Avoid using details from the initial report if there have been updates since.
Utilize Automation Tools:
- Automation tools can minimize human errors, ensuring accurate data entry and consistency across all reports.
Making BOI Reporting Effortless with FincenFetch
We get it—BOI reporting can be stressful, and FinCEN errors like SBE04 don’t make it any easier. That’s why we designed FincenFetch to simplify the entire process, helping you manage multiple filings with ease and confidence.
FincenFetch offers white label solutions specifically tailored to your industry needs, so your firm’s branding remains intact while enjoying top-notch functionality. Our seamless integration capabilities allow you to effortlessly collect information from clients or import and file it directly, making the reporting process smooth and hassle-free.
Year-round compliance with the Corporate Transparency Act (CTA) is crucial, and FincenFetch makes it effortless. Our platform adapts to your services and business model with flexible billing options, making it a perfect fit for any firm.
We know data security is a top priority, and FincenFetch ensures this with our SOC2 compliant system, giving you peace of mind that your information is always protected. Plus, we offer comprehensive support, including back-office assistance and APIs for your platform or filing website, so you have all the help you need.
Why Choose FincenFetch?
- Tailored Solutions: Our white label solutions are customized to meet your specific industry needs.
- Easy Integration: Seamlessly collect client information or import and file it directly, simplifying your tasks.
- Year-Round Compliance: Stay compliant with the CTA throughout the year, ensuring your clients’ information is always up to date.
- Flexible Billing: Our adaptable billing models fit your firm’s services and business model.
- Data Security: Our SOC2 compliant system ensures your data is protected to the highest standards.
- Comprehensive Support: Enjoy robust back-office support and APIs for seamless integration with your platform or filing website.
Start Filing BOI Reports the Easy Way
Don’t let FinCEN errors slow you down. Schedule a demo with one of our experts today and discover how our platform can boost your firm’s efficiency, save time through automation, and eliminate errors in your BOI reporting process. With FincenFetch, you can secure your compliance services and provide excellent client service with ease.
