As of March 21st 2025, 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. Existing foreign companies that must report their beneficial ownership information have at least an additional 30 days from the date of publication of the interim final rule. For more information, see press release and alert.
The Beneficial Ownership Information Report (BOIR) is a new requirement under the Corporate Transparency Act (CTA) for U.S. businesses. It's designed to increase transparency in business ownership and help combat financial crimes.
The BOIR requires businesses to report details about their beneficial owners, including:
The BOIR helps:
Filing is easy and only takes a few minutes. File today to stay compliant.
File Your BOIR Now* As of February 27, 2025, FinCEN announced that it does not intend to impose fines or penalties on companies that fail to meet BOI reporting requirements. However, we strongly recommend completing the filing to ensure compliance and maintain peace of mind.
Learn more about the Beneficial Ownership Information Report (BOIR) and how it can help your business stay compliant with the law:
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BOIR.COM exists to make it easy for businesses to file their Beneficial Ownership Information Report. We are not affiliated with the US Government or the Financial Crimes Enforcement Network (FinCEN). You may file your BOIR directly with FinCEN for free at www.fincen.gov. Why Choose BOIR.COM?