BOI filing support for micro-SaaS companies

Quick summary (lead): As of March 2025, FinCEN’s interim final rule exempts domestic U.S. companies from BOI reporting — what that means for micro-SaaS founders. What changed (timeline): Sep 30, 2022 final Reporting Rule (effective Jan 1, 2024) enforcement and deadlines initially set (Jan 1, 2025) March 2025 interim final rule narrowing reporting company.

Who must file now (foreign reporting companies) and the applicable deadlines (pre-March-26-2025 registered: file by Apr 25, 2025; registrations after March 26, 2025: 30 days after registration notice).

Why micro-SaaS founders should still prepare (practical checklist): identify beneficial owners; collect and store PII securely; document ownership; designate compliance owner; plan vendor and bank onboarding communications.

Step-by-step filing preparation (if you must file): FinCEN ID, BOI E-Filing system, required fields, ID image requirements, certifying statements, timelines for updates. Privacy and security best practices for PII for tiny teams.

When to consult counsel or a compliance provider: foreign owners, cross-border structures, pooled investment arrangements, nominee arrangements, or uncertainty about status. Short FAQ (e.g., Does my single-member LLC need to file?

Generally not under current interim final rule; monitor updates.)

Quick summary (lead): As of March 2025, FinCEN’s interim final rule exempts domestic U.S. companies from BOI reporting — what that means for micro-SaaS founders. What changed (timeline): Sep 30, 2022 final Reporting Rule (effective Jan 1, 2024) enforcement and deadlines initially set (Jan 1, 2025) March 2025 interim final rule narrowing reporting company.

Who must file now (foreign reporting companies) and the applicable deadlines (pre-March-26-2025 registered: file by Apr 25, 2025; registrations after March 26, 2025: 30 days after registration notice).

Why micro-SaaS founders should still prepare (practical checklist): identify beneficial owners; collect and store PII securely; document ownership; designate compliance owner; plan vendor and bank onboarding communications.

Step-by-step filing preparation (if you must file): FinCEN ID, BOI E-Filing system, required fields, ID image requirements, certifying statements, timelines for updates. Privacy and security best practices for PII for tiny teams.

When to consult counsel or a compliance provider: foreign owners, cross-border structures, pooled investment arrangements, nominee arrangements, or uncertainty about status. Short FAQ (e.g., Does my single-member LLC need to file?

Generally not under current interim final rule; monitor updates.)