How-to
Does an LLC need to file a BOI report?
No, for an LLC formed in the United States, under FinCEN's final rule of August 11, 2026, which exempts US companies from beneficial ownership (BOI) reporting. Only certain companies formed under foreign law and registered to do business in a US state still report.
What changed
- An interim final rule of March 26, 2025 first exempted companies formed in the United States. Source
- The final rule made that exemption permanent and took effect on August 14, 2026. Source
- FinCEN says it will delete information already reported by US persons who are now exempt. Source
Who still reports
- Reporting companies are now only entities formed under the law of a foreign country that registered to do business in a US state or tribal jurisdiction. Source
- Those foreign companies do not report US persons as beneficial owners or company applicants. Source
What to watch for
- Messages asking a US LLC to file a BOI report or pay a BOI filing fee do not reflect FinCEN's current rule; check fincen.gov/boi before acting. Source
Next: what your state charges to form and keep the LLC, in the cost table for every state and the annual fees by state.
Questions
- Do I need to file a BOI report for my new LLC?
- Not if the LLC was formed in the United States: US companies are exempt under FinCEN's final rule of August 2026.
- Does a foreign company with a US registration still file?
- Yes, if it is formed under foreign law and registered to do business in a US state, but it does not report US persons.