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Beneficial ownership reporting for foreign-formed entities

US domestic companies are currently exempt from FinCEN’s beneficial ownership reporting. Entities formed abroad and registered to do business in a US state are not — and the reporting window is short.

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FinCEN BOIWho still files

Domestic entitiescurrently exempt

Foreign-formed, US-registeredmust file

Deadline, new registration30 days

Filed withFinCEN, not IRS

This exemption was set by an interim final rule in March 2025. FinCEN has signalled it intends to finalize the rule — worth confirming your status each year rather than assuming it.

Where this bites

The rule changed twice in two years, and it isn’t finished changing

Beneficial ownership reporting has moved from covering almost every US entity to covering only foreign-formed ones registered to trade here. That is good news for most domestic owners, and no reason at all for foreign-formed entities to relax.

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Formed abroad, registered here, in scopeAn LLC or corporation formed outside the US that registers with a US secretary of state is a “foreign reporting company” under the current rule

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The clock starts at notice of registrationNot at incorporation abroad, and not at the date you actually begin trading

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Ownership changes can reopen the filingA change in beneficial owners or control can trigger an update to a report already on file

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This area is still movingRules have changed twice in the last two years; confirming status annually costs less than assuming it hasn’t changed

What’s included

Status confirmed, report filed, changes tracked

Reporting-company determination

Confirm whether your entity is in scope under the current FinCEN definition.

Beneficial owner identification

Identify each individual with substantial control or 25%+ ownership.

BOI report preparation & filing

Report prepared and filed with FinCEN within the applicable window.

Ongoing monitoring

Your status re-checked each year as FinCEN finalizes the rule.

How it works

Five steps, one fixed fee

01

Confirm reporting-company status under the current rule

02

Identify beneficial owners and required detail

03

Prepare and file the BOI report with FinCEN

04

Confirm filing receipt

05

Re-check status annually as the rule develops

Fees

You will know the number before we start

Fees are scoped from the number of beneficial owners and whether this is a new registration or an update, and fixed before we start work.

How our pricing works →

LicensedCPA · Montana

FocusInbound to the US

DeliveryRemote, by design

FeesFixed, quoted up front

BillingNever hourly

Next step

Tell us where the entity was formed.

A short set of questions about formation, registration and ownership. We come back with a scope and a fixed price.

Start scoping →