Business Formation
Beneficial Ownership Information — now required only for foreign-formed entities registered in the US
+ state filing fees
10,000+
Businesses Formed
50
States Covered
98%
Customer Satisfaction
24/7
Support Available
Overview
The Beneficial Ownership Information (BOI) Report is a federal filing to the Financial Crimes Enforcement Network (FinCEN) under the Corporate Transparency Act (CTA).
Important update: under FinCEN's final rule published on 14 August 2026, all domestic US companies (and US persons) are permanently exempt from BOI reporting — no domestic LLC or corporation needs to file an initial, updated or corrected report. FinCEN is also removing previously submitted data on US persons and domestic entities.
Reporting now applies only to "foreign reporting companies" — entities formed under the law of a foreign country that have registered to do business in a US state or tribal jurisdiction. Even then, they do not have to report the information of any US-person beneficial owner or company applicant; they report the company's own details and their non-US beneficial owners.
Benefits
Foreign-formed entities registered to do business in the US
Companies formed abroad that register to do business in a US state must file. Domestic US LLCs and corporations are exempt.
A foreign reporting company does not report the BOI of any US-person beneficial owner or company applicant.
A newly registered foreign reporting company generally files within 30 days of its US registration taking effect.
If your foreign entity is in scope, we prepare and submit the report to FinCEN and track confirmation.
Requirements
Information needed for your report
Legal name, trade names/DBAs, current US address, state of formation, and EIN.
Full legal name, date of birth, current residential address for each beneficial owner.
US passport, state ID/drivers license, or foreign passport for each beneficial owner.
For companies formed after January 1, 2024: information about who filed the formation documents.
Optional unique ID that can be used instead of personal information for privacy.
Process
Simple 4-step compliance
Collect required details about your company and all beneficial owners.
Provide information through our secure platform. We verify completeness.
Our team submits your BOI Report to FinCEN through the official system.
Get your filing confirmation and compliance certificate for your records.
Compliance
Applies to foreign reporting companies only
Permanently exempt under the FinCEN final rule effective 14 August 2026. No initial, updated or corrected BOI report is required.
No filing required
Penalty: None
Foreign reporting companies already registered had an initial deadline set under the interim rule.
Initial deadline has passed (was 25 Apr 2025)
Penalty: Enforcement per FinCEN guidance
Files within 30 days of receiving notice that its US registration is effective.
30 days from effective registration
Penalty: Enforcement per FinCEN guidance
A foreign reporting company does not report the information of any US-person beneficial owner or company applicant.
Not reported
Penalty: N/A
FAQs
Common questions about BOI Report Filing
From $49. 1-2 timeline. Expert support included.