Beneficial Ownership Information (BOI)
As of March 21, 2025, BOI filing requirements only apply to foreign entities.
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Federal Reporting Requirement for Beneficial Ownership Information (BOI)
Who Has to Report?
“Existing foreign companies that must report their beneficial ownership information have at least an additional 30 days from March 21, 2025.”
Who Does Not Have to Report?
“All entities created in the United States — including those previously known as “domestic reporting companies” — and their beneficial owners are now exempt from the requirement to report beneficial ownership information (BOI) to FinCEN.”
When Do I Report?
“Foreign companies have an additional 30 days from March 21, 2025.”
How Do I Report?
“Reporting companies report beneficial ownership information electronically through FinCEN’s website: www.fincen.gov/boi. The system provides a confirmation of receipt once a completed report is filed with FinCEN.”
Source: FinCEN.Gov