What Is a BOI Report? Definition and Use

Definition

BOI Report - A BOI report is a Beneficial Ownership Information filing submitted to FinCEN under the Corporate Transparency Act, identifying the individuals who own or control a company.

A BOI report is filed electronically through FinCEN's portal at boiefiling.fincen.gov, not with any state, and it is not public. It collects each beneficial owner's legal name, date of birth, residential address, and an image of an identifying document such as a passport. Authorized government agencies and, in narrow consent-based cases, financial institutions can access it, which is why a BOI filing does not appear in the state record that keeps an anonymous LLC private.

The rules here have whipsawed, and the biggest misconception is that every US LLC must still file. After FinCEN's March 21, 2025 interim final rule, domestic reporting companies are exempt, and only foreign reporting companies, entities chartered abroad and then registered in a US state, remain obligated. A Wyoming, New Mexico, Delaware, or Nevada LLC is a domestic reporting company even when a non-resident owns it, so it is currently exempt from BOI filing.

In practice this means most Anonymousllc.co customers have no active BOI obligation today, but the landscape has changed repeatedly through court injunctions and rule revisions since 2024. Because the deadlines and exemptions have moved so often, Anonymousllc.co maintains a monthly-updated BOI status tracker rather than relying on a static answer that could be stale within weeks.

A frequent error is treating BOI filing as a threat to anonymity in the way a public state filing would be. It is not the same as public disclosure: the information goes into a restricted FinCEN database accessible only to authorized users, never a searchable public registry that data brokers or litigants can pull. If BOI reporting applies to a given entity, the standard fee for preparing and filing a report through Anonymousllc.co is $150 per report, and obtaining a FinCEN identifier can reduce how often an owner's underlying documents are re-transmitted across multiple entities.