2025 BOI rule update US entities are now exempt. Check if you still need to file →
$249
One-time
BOI service
FinCEN
Direct filing
via API
Exempt 2025
US entities
interim final rule
Updates
Lifetime
as rules change
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BOI reporting service, updated 2026
2025 interim final rule applied

BOI reporting for foreign-formed US entities

Under FinCEN's March 26, 2025 interim final rule, only foreign-formed entities registered to do business in the United States must file a Beneficial Ownership Information (BOI) report. US-formed LLCs and corporations are now exempt. If your entity is foreign-formed and US-registered, we handle the filing for $99.

Most US entities are exempt from BOI under the 2025 interim final rule.

FinCEN's interim final rule effective March 26, 2025 fundamentally changed BOI requirements.

  • US-formed entities are exempt. If your LLC or corporation was formed in any US state, you are not required to file BOI under the current interim rule.
  • Foreign-formed entities registered in the US must file. If your business was formed under the laws of another country (UK Ltd, Canadian Corp, etc.) and you registered to do business in any US state, you must file.
  • US persons are not reported. Even if a foreign entity files, it does not need to report any US persons as beneficial owners.
  • The rule is interim. Treasury may finalize, modify, or revoke this rule. We monitor changes and update accordingly.

Not sure if you need to file? Use our free decision tree →

Our BOI service: who it serves

File.Business BOI service is for:

  • Foreign-formed entities registered in US states after March 26, 2025
  • Foreign-formed entities registered before March 26, 2025 that still need to complete or update their BOI filing
  • Foreign founders planning US registration who want the BOI ready as part of their foreign qualification

If you are forming a US-domestic LLC or corporation, you no longer need our BOI service. Compliance suite covers the rest of your federal and state filings.

What we do

  1. Confirm your entity is a "foreign reporting company" under the current rule. We verify your formation jurisdiction and US registration status.
  2. Check exemption status. 23 exemption categories may apply (large operating companies, SEC-registered, banks, insurance companies, tax-exempt nonprofits, etc.).
  3. Gather beneficial owner information. Name, date of birth, residential address, unique identifying number from passport or other government ID, image of that document. Note: foreign entities do not report US persons.
  4. Identify company applicants. For entities registered 2024 or later, also identify the person who filed the US registration.
  5. File via FinCEN BOSS at boiefiling.fincen.gov. Filing is free; our service fee is $99.
  6. Monitor for updates. Any change to beneficial owner information requires a new filing within 30 days. We track this for you.

File your BOI Report $249 service fee. We confirm exemption status, prepare the filing, submit to FinCEN BOSS, and monitor for required updates. Penalty-free guarantee.

Start BOI filing Check if I need to file

Penalties for non-filing (foreign reporting companies only)

  • Civil penalty: Up to $591/day (inflation-adjusted, capped at $10,000).
  • Criminal penalty: Up to $10,000 fine and up to 2 years imprisonment for willful failure.
  • Officer liability: Senior officers can be personally liable for entity's failure to file.

These penalties apply only to entities required to file under the current interim rule (foreign-formed, US-registered, non-exempt).

Frequently asked questions

My LLC was formed in Delaware. Do I need to file BOI?

No. Under the March 2025 interim final rule, US-formed LLCs (including Delaware) are exempt from BOI reporting. You do not need to file.

I am a US citizen who owns a foreign entity registered in the US. Do I report myself?

No. Under the interim rule, foreign entities do not report any US persons as beneficial owners. Only non-US beneficial owners are reported.

Is BOI filing free?

FinCEN charges $0 to file. File.Business charges $99 for service (verification, preparation, submission, ongoing update monitoring). You can also file yourself at boiefiling.fincen.gov.

What is the deadline for new foreign registrations?

30 calendar days from the effective date of US registration. Late filings trigger civil penalties up to $591/day.

What if the rule changes again?

Treasury accepted public comment on the interim rule through May 2025. The rule may be finalized, modified, or revoked. We monitor announcements and notify customers of changes.

Are nonprofits required to file?

501(c) tax-exempt nonprofits are exempt under one of the 23 exemption categories. Confirm exemption status before assuming.

What is the New York LLC Transparency Act?

New York's state-level beneficial ownership law (effective 2026) requires NY LLCs to file similar disclosures with the NY Department of State, regardless of federal BOI status. This is separate from FinCEN BOI.

BOI Report workflow (FinCEN)

For foreign-formed entities registered to do business in the US (per the March 2025 interim final rule).

Exemption check

Day 1

We confirm whether the rule applies. US-formed entities are exempt; only foreign-formed-then-US-registered entities must file.

Beneficial owner data

30 minutes

We collect each non-US beneficial owner's full legal name, DOB, residential address, and passport image.

FinCEN submission

Same day

We submit through FinCEN's BOI E-Filing System. No filing fee at FinCEN. Our service fee is $249 one-time.

30-day update tracking

Ongoing

If beneficial-owner data changes, an updated BOI report is due within 30 days. We track this automatically via Compliance Annual Filings.

Real-time filing status

Every filing, traceable from submission to state seal

The same status view your customers see in the dashboard. Five stages, color-coded, with timestamps. No "we'll let you know" black box.

Filing #FB-2026-04812 · Acme Holdings LLC · Delaware

Your filing is in progress

State of Delaware Division of Corporations · Expected acceptance: same business day

1
Drafted
2:14 PM ET
2
Reviewed
2:31 PM ET
3
Submitted
2:46 PM ET
4
State accepted
Pending
5
Documents delivered
Pending
Entity typeLLC
StateDelaware
State fee paid$110.00
Our service fee$0.00
Estimated acceptanceToday by 5 PM ET
EIN statusQueued (issues after state acceptance)
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On the $129/yr Compliance Annual Filings plan, we cover state late fees.

When you autofile your annual report through the $129/yr plan and we miss the deadline, we cover the state's late fee. The guarantee is specific to that plan and the filings it includes.

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File.Business is a private business filing and compliance service. We are not a government agency and are not affiliated with any Secretary of State office. You may file directly with the appropriate state agency. SOC 2 Type II audited. 220,000+ businesses formed since 2017.
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