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BOI Obligation Quick-Check Tool

30-second triage for BOI reporting status. Answer three questions and find out whether your LLC is exempt under the March 2025 FinCEN IFR or still obligated to file. The snapshot lists the standard scenarios.

By Alif Al Razi, Tax & Compliance Lead · Last updated 2026-05-21

How this tool works

Step 1

Was the entity formed in a US state or outside the US?

US-formed = domestic reporting company. Foreign-formed and registered in a US state = foreign reporting company.

Step 2

When was it formed or US-registered?

Determines which deadline window applies for foreign reporting companies.

Step 3

Has beneficial ownership changed?

If yes and non-exempt, triggers the 30-day amendment window.

Interactive tool

Q1. Where was the entity formed?
How this triage works
The triage applies the March 21, 2025 FinCEN Interim Final Rule: domestic reporting companies are EXEMPT, foreign reporting companies remain OBLIGATED. The three questions establish (a) where the entity was formed, (b) whether it qualifies as a reporting company at all, and (c) — for foreign-formed entities — whether they actually registered in a US state. The owner's nationality is irrelevant to the company's classification.

Inputs the tool accepts

  • Domestic or foreign — Where was the entity formed?
  • Formation date — Or US registration date for foreign entities.
  • Recent ownership change? — Yes/no — drives the amendment-window flag.

What the tool returns

  • Obligation status — Exempt or obligated.
  • Filing deadline — Specific date or 'none required'.
  • Next step — Either 'do nothing' or 'file via FinCEN BOIR portal'.

BOI Reporting Deadlines — Post-March 2025 IFR

Static snapshot pulled from current state filing fees, statutes, and pricing data. Updates when source data changes.

ScenarioFormation/registration timingCurrent obligationDeadlineAction
Domestic LLC (US-formed)Any timeEXEMPT (per March 21, 2025 FinCEN IFR)None — exemptNo filing required
Foreign reporting company (non-US formed, registered to do business in US)Before Mar 26, 2025ObligatedApril 25, 2025 (was 30 days from IFR publication)Late — file ASAP
Foreign reporting companyOn/after Mar 26, 2025Obligated30 days from US registrationFile within 30 days
Domestic LLC with foreign beneficial owners onlyAny timeEXEMPT — owners' status does not change company classificationNoneNo filing required
Change in beneficial ownership (existing report)N/A30-day amendment window for non-exempt entities30 days from changeFile amended BOIR

Reflects FinCEN's March 21, 2025 Interim Final Rule which exempted domestic reporting companies. Foreign reporting companies (entities formed outside the US that register to do business in the US) remain obligated. Status may change if FinCEN issues a final rule or if litigation alters scope. Confirm before relying.

March 2025 FinCEN IFR — one-paragraph summary

On March 21, 2025, FinCEN published an Interim Final Rule that limited BOI reporting obligations to FOREIGN reporting companies only. Domestic reporting companies — entities formed in any US state by filing with a Secretary of State or similar — are exempt. This was a major reversal of the original Corporate Transparency Act scope after extensive litigation (Texas Top Cop Shop v. McHenry and others) and a Treasury Department policy reversal.

What counts as a 'foreign reporting company'

An entity formed under the law of a FOREIGN country (not a US state) and registered to do business in any US state by filing with a Secretary of State or similar office. A US-formed entity owned by a foreign person is NOT a foreign reporting company — it is a domestic reporting company and exempt.

Anonymity implications

For most US-formed anonymous LLCs (Wyoming, NM, DE, NV), BOI is currently irrelevant — exempt under the IFR. Foreign-formed entities that register in those states still have to file BOI separately from state anonymity rules.

Read next

BOI Reporting pillar
/boi-reporting/
BOI Deadline Calculator
/calculator/boi-deadline/
FinCEN BOIR Filing guide
/fincen-boir-filing/
BOI for Anonymous LLCs
/boi-for-anonymous-llc/
BOI Initial Filing service
/services/boi-filing/

FAQ

BOI Initial Filing — $150 one-time

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Start on WhatsAppSee BOI Initial Filing

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