What is BOI Report?
A FinCEN filing under the Corporate Transparency Act disclosing who owns or controls a company. As of May 2026, under the March 2025 interim final rule, U.S.-formed LLCs and their U.S. owners are not required to file — interim, not finalized, subject to change.
Also known as: BOI, BOI filing, BOI report
A BOI report is a filing to the U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) under the Corporate Transparency Act, disclosing the individuals who own or control a company — name, date of birth, residential address, and an ID number.
What it is
Congress created BOI reporting to pierce anonymous shell companies used for money laundering and fraud. The report is filed to FinCEN — not published like a state business record. It sits in a restricted federal database for law enforcement and certain regulators.
From January 2024 through early 2025, many U.S. LLC owners faced a federal disclosure that undercut state-level privacy: your name might be off the public state record, but FinCEN still wanted your identity.
Current status (May 2026)
As of May 2026, under FinCEN's March 2025 interim final rule, U.S.-formed LLCs and their U.S. owners have no federal BOI filing obligation. Only foreign-formed entities registering in the U.S. may still need to file.
This is an interim rule, not finalized, and subject to change. The Eleventh Circuit upheld the CTA in December 2025 — the statute survives while domestic filing is paused.
Why it matters for privacy
When BOI is active, state-record anonymity is incomplete. When it is paused, forming in WY/NM/DE regains full meaning for public-record privacy — but banks, the IRS, and courts still know who you are.
Key takeaway
No BOI filing today does not mean you're private on public records or data brokers. See our BOI reporting hub and run the free LLC scan.
Source: FinCEN BOI · Federal Register, March 26, 2025
Related Terms
Anonymous LLC
A limited liability company formed in a state that does not require member or manager names in public filings, combined with a professional registered agent as the public address — so the real owner's identity is absent from the state's public record from day one.
Beneficial Owner
The actual human who owns or controls a company — typically anyone with 25%+ ownership or substantial control — regardless of whose name appears on public filings. Central to BOI reporting and bank KYC.
Beneficial Ownership Information (BOI)
Data identifying the real individuals who ultimately own or control a legal entity — required by FinCEN under the Corporate Transparency Act (CTA) for some entities; US-formed companies are exempt under FinCEN's March 2025 interim final rule (as of May 2026, interim and subject to change).
Corporate Transparency Act (CTA)
2021 federal law requiring beneficial ownership disclosure to FinCEN via BOI reports. Upheld as constitutional in Dec 2025, but U.S.-formed companies are exempt from filing under the March 2025 interim rule (as of May 2026, interim and subject to change).
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