What Is BOI Filing & Who Is AffectedNow?
The Beneficial Ownership Information (BOI) report is a federal requirement under the Corporate Transparency Act. Under FinCEN's final rule effective August 14, 2026, all US-formed LLCs and corporations are permanently exempt from BOI reporting. Only foreign reporting companies must file. Staying current on applicable state-level obligations still matters because those requirements are separate.
$606
Daily Penalty Risk (Foreign Only)
30 Days
Foreign Reporting Deadline
Exempt
US-Formed LLCs & Corporations
Foreign
Reporting Companies Only
*Penalty amount is adjusted annually for inflation by FinCEN; figure shown is current as of 2026.
What Is BOI Filing & Who Is Affected Now?
The Beneficial Ownership Information (BOI) report is a federal requirement under the Corporate Transparency Act. Under FinCEN's final rule effective August 14, 2026, only foreign reporting companies must file. US-formed LLCs and corporations are now permanently exempt from BOI — though staying current on your LLC Annual Report and other state-level obligations still matters, since those are separate requirements that don't go away.
Corporate Transparency Act
Enacted by Congress in 2021, the CTA originally required most US companies to report beneficial owners to FinCEN. FinCEN's August 14, 2026 final rule now permanently exempts domestic reporting companies.
FinCEN Reporting
The Financial Crimes Enforcement Network (FinCEN) collects BOI reports from foreign reporting companies to create a national database of ownership for law enforcement access.
Foreign Reporting Companies Only
Under the current final rule, only companies formed under foreign law that register to do business in a US state must file. US-formed LLCs and corporations are permanently exempt.
Ongoing Obligation for Foreign Filers
For foreign reporting companies, BOI isn't a one-time filing — changes in ownership or beneficial owner information must be reported within 30 days. If you're searching for a BOI Filing Service, note that Easybrise provides administrative document preparation support rather than direct filing on your behalf — see "Our Role" below for exactly what we do and don't handle.
A Rule Years in the Making — Now Final
FinCEN's final rule effective August 14, 2026 permanently exempts all US-formed LLCs and corporations from BOI reporting. Only foreign reporting companies remain subject to the filing requirement. FinCEN has also begun a process to remove previously submitted US-person data from its database.
Easybrise provides administrative filing support and document preparation services. We do not provide legal advice, regulatory interpretation, or representation before FinCEN. Customers are responsible for reviewing official FinCEN guidance or consulting a licensed professional if needed.
US-Formed LLCs & Corporations
- Permanently exempt under FinCEN's August 14, 2026 final rule
- No penalty risk for failure to file
- Free status check available
- No BOI filing or update obligation
Foreign Reporting Companies
- Civil penalties up to $606/day for foreign reporting companies
- Criminal penalties up to $10,000 for willful violations
- Potential imprisonment risk
- Banking relationship problems
- Investor due diligence failures
- Business credibility damage
*Penalty amount reflects the January 17, 2025 inflation adjustment and continues at this level through January 2027.
BOI Filing Status: Exempt vs. Still Required
Under FinCEN's final rule effective August 14, 2026, all US-formed LLCs and corporations are permanently exempt from BOI reporting. Only foreign reporting companies must file. Your registered agent can help you track state notices — including your Annual Report for LLC — but BOI is a separate federal requirement handled on its own timeline.
Exempt — No BOI Filing Required
US LLCs
Any LLC formed under US state law — including Wyoming, Delaware, New Mexico, and Texas LLCs — is permanently exempt, regardless of owner nationality.
US C-Corporations
Corporations created by filing formation documents with a US state, including Delaware C-Corps, are permanently exempt under FinCEN's August 14, 2026 final rule.
Foreign-Owned US Entities
A US LLC or corporation owned by non-US individuals is exempt because the exemption is based on where the company was formed, not who owns it.
Must File — Foreign Reporting Companies
Foreign-Formed Entities Registered in the US
Companies formed under foreign law that register to do business in a US state are still considered foreign reporting companies and must file.
Foreign Companies Registered in the US
Foreign reporting companies must file within 30 calendar days of US registration and report changes within 30 days.
International Founders with US LLCs
If you are a non-US resident who owns a US LLC or corporation, the company is permanently exempt from BOI. The exemption depends on where the entity was formed, not the nationality of its owners. This applies to the vast majority of Easybrise customers — though your LLC Annual Report obligations with the state still continue as normal.
BOI Filing Deadlines Under the Current Rule
FinCEN's final rule permanently removed the BOI filing deadline for US-formed companies. Only foreign reporting companies registered to do business in the US have a 30-day filing window. Our compliance monitoring tracks deadlines for the companies that still need them, alongside unrelated but equally important dates like your Annual Report Filing deadline.
Foreign Reporting Companies
Companies formed under foreign law that register to do business in a US state must file their initial BOI report within 30 days of registration.
Ownership Changes
For foreign reporting companies, any change in beneficial ownership or company applicant information must be reported within 30 days.
Information Updates
Changes to beneficial owner information (name, address, ID) or company information for foreign reporting companies must be reported within 30 days.
US-Formed LLCs & Corporations
Under FinCEN's final rule effective August 14, 2026, domestic reporting companies — including all US-formed LLCs and corporations — are permanently exempt from BOI filing requirements.
What Triggers an Update Filing? (Foreign Reporting Companies Only)
Foreign reporting companies must file an updated BOI report within 30 days of any of these changes:
Easybrise Monitoring: Our compliance dashboard tracks filing status for foreign reporting companies and alerts you when updates may be needed.
Penalties for Non-Compliance
Under FinCEN's current rule, penalties apply only to foreign reporting companies that fail to meet BOI obligations. US-formed LLCs and corporations are exempt. Easybrise does not control enforcement decisions and does not provide legal representation.
Civil Penalties
Civil penalties of up to $606 per day may apply to foreign reporting companies that fail to file or update, with possible criminal penalties for willful violations.
Inflation-adjusted from $500/dayCriminal Penalties
Willful violations by foreign reporting companies can result in criminal fines up to $10,000 and/or imprisonment, as provided under applicable law.
For intentional non-complianceSenior Officer Liability
Individuals with authority over a foreign reporting company's BOI filing who willfully fail to file may be held personally liable.
Personal liability for officersBanking Consequences
Non-compliance may affect banking relationships for foreign reporting companies as financial institutions verify beneficial ownership status.
Account access risks*Penalty amount is adjusted annually for inflation by FinCEN; figure shown is current as of 2026.
Penalties Apply Only to Foreign Reporting Companies
Civil penalties of up to $606 per day may apply to foreign reporting companies that fail to file or update, with possible criminal penalties for willful violations. Under FinCEN's final rule effective August 14, 2026, all US-formed LLCs and corporations are permanently exempt from BOI reporting. Only foreign reporting companies must file. If you formed under foreign law and registered in the US, file as soon as possible to avoid accumulating penalties.
Real Risk Scenarios for Foreign Reporting Companies
Foreign Company Missed US Registration Filing
A UK LTD registered to do business in Wyoming in April 2025 did not realize it had a 30-day BOI filing deadline. It began accumulating daily civil penalties.
Ownership Change Not Reported
A foreign reporting company added a new 30% owner but did not update its BOI report within 30 days. It is now in violation and accumulating penalties.
Investor Due Diligence Failure
A startup structured under foreign law failed BOI verification during US investor due diligence. The investment was delayed until compliance was resolved.
Complete BOI Filing Education
A comprehensive guide to the current beneficial ownership reporting rules, who is exempt, and which foreign reporting companies still need to comply.
What Is Beneficial Ownership Information Reporting?
Why The US Government Requires BOI Filing
How the Current Rule Affects US-Formed Companies
Understanding Owners and Controllers for Foreign Reporting Companies
BOI Reporting for Non-US Founders of US Companies
Related Compliance Services
Our Role
Easybrise provides this page as a free educational resource to help founders understand their BOI filing obligations under the current FinCEN rule. We do not provide BOI filing, submission, or monitoring services directly — if you're specifically looking for a BOI Filing Service, we recommend filing directly with FinCEN through the official BOIR system, or consulting a licensed attorney or compliance professional. What we do handle is your broader compliance picture — registered agent, Annual Report for LLC, and franchise tax tracking — so BOI is the one piece you'd manage separately.
This page is provided for informational purposes only and is not legal or tax advice. Final responsibility for compliance remains with the business owner.
Frequently Asked Questions
Common questions about the current BOI filing rules, exemptions, and deadlines under FinCEN's August 14, 2026 final rule.
Not Sure If You Need to File? Check Your BOI Status
Under FinCEN's final rule effective August 14, 2026, all US-formed LLCs and corporations are permanently exempt from BOI reporting. Only foreign reporting companies must file. If you formed under foreign law and registered in the US, we recommend filing directly with FinCEN or consulting a compliance professional.
Free educational resource • Easybrise does not file, submit, or monitor BOI reports
Formed under foreign law and registered in the US?
Foreign reporting companies must file within 30 calendar days of US registration and report changes within 30 days. Filing is free through FinCEN's official BOIR system.
File at FinCEN BOIROwn a US LLC as a non-US resident?
Under FinCEN's final rule effective August 14, 2026, all US-formed LLCs and corporations are permanently exempt from BOI reporting. Only foreign reporting companies must file. Review the exemption criteria above to confirm your status.
Review Exemption Criteria