What is BOI reporting and do I need to file?
Under the March 2025 FinCEN rule: US-formed entities are exempt. Foreign-formed entities registered to do business in the US still file.
Beneficial Ownership Information (BOI) is a federal report identifying the natural persons who ultimately own or control a reporting company.
Under FinCEN's March 26, 2025 interim final rule, the definition of "reporting company" was narrowed to exclude entities formed in any US state. If your LLC was formed in Delaware, Wyoming, California, or any other US state, you are not a reporting company and do not file BOI.
Foreign-formed entities (formed under the laws of another country) that register to do business in any US state must still file. The initial report is due within 30 calendar days of US registration. Updates are due within 30 days of any change to beneficial ownership information.
Use our decision tree to confirm your specific situation, or have us file BOI if you are a foreign-formed entity.
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Contact a specialistAt a glance
- What is it
- What is boi reporting and do i need to file? is a regulated business process governed by federal or state agencies. File.Business handles the paperwork, filings, and tracking for you.
- Why it matters
- Doing this correctly the first time avoids penalties, late fees, and personal liability exposure for owners.
- Who needs it
- Any US business that has triggered the relevant requirement - usually based on entity type, state, or business activity.
- When it is due
- Deadlines vary by agency and state. We track your specific dates and remind you ahead of any filing window.
- How it works
- Tell us what you need, review the prepared filing, and we submit through the agency's official channel.
- What it costs
- Pricing is shown on this page with state and federal fees disclosed separately from our service fee.
- Risks of skipping
- Penalties, administrative dissolution, loss of liability shield, blocked transactions, or audit triggers depending on the filing.
- Alternatives
- File directly with the agency yourself, hire a law firm, or use a competing service. File.Business is the fastest premium option.