BOI compliance mapping tools

Subject: Important Update: BOI Reporting Changes & Why Tools Still Matter Dear US Business Owners and LLC Founders, We're sharing a critical update regarding Beneficial Ownership Information (BOI) reporting under the Corporate Transparency Act. Key Update: Domestic US Companies Now Exempt from FinCEN BOI Reporting As of March 26, 2025, FinCEN has announced that all entities created in the United States, including those previously known as "domestic reporting companies," are now exempt from the requirement to report beneficial ownership information (BOI) to FinCEN. This is a significant change, meaning most US-formed companies no longer have a direct BOI reporting obligation to FinCEN. However, existing foreign companies registered in the U.S. have new deadlines, with an extension until April 25, 2025, for most. While this provides relief for many domestic businesses, it's crucial to stay informed about potential future rulemaking and state-level obligations. Why BOI Compliance Mapping Tools Remain Essential Even with this exemption, BOI/ownership-mapping tools continue to be invaluable. They are critical for: Maintaining strong internal corporate governance. Facilitating KYC/AML and bank onboarding processes. Supporting transaction diligence and investor reporting. Ensuring you're prepared if reporting obligations are reinstated. These tools centralize your ownership data, help visualize complex structures, and provide an auditable trail, keeping your business agile and compliant. For a comprehensive breakdown of these changes, a detailed look at essential tool features, and a practical compliance workflow, read our full blog post: [Link to Blog Post Here] Stay informed, stay compliant. Sincerely, [Your Company Name]