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Utah . BOI / FinCEN

Utah BOI / Beneficial Ownership reporting in 2026.

The Corporate Transparency Act required most US businesses to file a Beneficial Ownership Information (BOI) report with FinCEN. In 2025, FinCEN issued an Interim Final Rule exempting most US-formed entities. This page explains the current state and what Utah businesses should actually do.

2025 IFR . current status

Most US-formed entities are now exempt

In March 2025, FinCEN issued an Interim Final Rule eliminating the BOI reporting requirement for US-formed entities. Reporting remains required for foreign entities that register to do business in Utah or any US state. Always verify current FinCEN guidance, as rules can change.

Who still files

  • Foreign entities registered to do business in Utah. Foreign-formed Corporations and LLCs that have foreign-qualified in any US state are still subject to BOI reporting.
  • Entities formed outside the 50 US states and DC. Including those formed in US territories under different rules.
  • Entities operating under specific industry rules that independently require beneficial ownership disclosure (banking, securities).

What Utah businesses should do today

  1. 1Confirm formation jurisdiction. US-formed entities are generally exempt under the 2025 IFR.
  2. 2If formed outside the US, file the BOI report with FinCEN within 30 days of registering to do business in Utah or any US state.
  3. 3Monitor FinCEN guidance. Rules can change. File.Business tracks updates.
  4. 4Beware fraudulent BOI services. Many sites collect fees claiming to file BOI for now-exempt US entities. Confirm exemption status before paying.
FAQ

Frequently asked questions

Do I need to file a BOI report for my Utah LLC?
Most US-formed {s["name"]} LLCs are exempt under the 2025 FinCEN IFR. Verify current status with FinCEN.
What is BOI?
Beneficial Ownership Information . a FinCEN reporting requirement created by the Corporate Transparency Act. The 2025 IFR significantly narrowed the scope.
When is the BOI report due?
For foreign entities registering in {s["name"]}: within 30 days of registration. US entities currently exempt.
Are there penalties for not filing BOI?
Up to $500/day civil penalty for willful failures and criminal penalties . but only for entities still required to file.
Are sole proprietors required to file BOI?
Sole proprietorships are not reporting companies. Only formed entities.
Does File.Business file BOI reports?
Yes, for entities still required to file under current FinCEN rules. We will confirm whether you actually need to file before charging.
Where do I file the BOI report?
FinCEN BOI E-Filing System (boiefiling.fincen.gov).

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Disclosure. File.Business is a private business filing and compliance service. We are not a government agency and are not affiliated with the Utah Division of Corporations or any Secretary of State office. You may file directly with the Utah Division of Corporations. Information on this page is for general guidance only and is not legal, tax, or accounting advice. Fees and deadlines verified against the Utah Division of Corporations as of June 2026 and may change. For entity-specific guidance, consult a licensed Utah attorney or CPA.

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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.