FinCEN Beneficial Ownership

U.S. Companies Exempt from BOI Reporting Under CTA Revision

FinCEN published an interim final rule on March 26, 2025, exempting all U.S. domestic entities and their beneficial owners from beneficial ownership information reporting under the Corporate Transparency Act. The revised rule narrows reporting obligations to foreign entities registered to do business in the U.S. Foreign entities registered before March 26, 2025 must file by April 25, 2025, while those registered on or after that date have 30 calendar days from registration notice to file.

BOI Reporting Exemptions Under Corporate Transparency Act

FinCEN issued an FAQ clarifying that domestic U.S. companies are exempt from Beneficial Ownership Information (BOI) reporting under the Corporate Transparency Act following an interim final rule published March 26, 2025. The rule revised the definition of 'reporting company' to include only foreign entities registered to do business in U.S. states. Foreign entities still subject to reporting must file by April 25, 2025 (if registered before March 26, 2025) or within 30 days of registration (if registered on or after March 26, 2025).

FinCEN Exempts US Companies from BOI Reporting

FinCEN published an interim final rule on March 26, 2025, exempting all US companies and their beneficial owners from Beneficial Ownership Information reporting requirements under the Corporate Transparency Act. The rule revised the definition of "reporting company" to include only foreign entities registered to do business in the US, eliminating obligations for domestic companies. Foreign reporting companies face new compliance deadlines.

Beneficial Ownership Reporting - Interim Final Rule Exempts US Entities

FinCEN issued an interim final rule removing beneficial ownership information (BOI) reporting requirements for U.S. companies and U.S. persons under the Corporate Transparency Act. The rule narrows the definition of "reporting company" to only foreign entities registered to do business in the U.S. Foreign reporting companies must file BOI reports within 30 days of publication or registration notice. U.S. entities and beneficial owners are fully exempt from CTA reporting obligations.