BOI reporting training materials

FinCEN issued an interim final rule (March 26, 2025) narrowing the definition of “reporting company”: domestic entities (entities created in the United States) are exempt from BOI reporting; only foreign entities that have registered to do business in a U.S. state or tribal jurisdiction (i.e., foreign reporting companies) remain within the definition of reporting companies and must file BOI.

Reporting companies do not need to report BOI for U.S. persons; U.S. persons are not required to report BOI for reporting companies for which they are beneficial owners. Deadlines for foreign reporting companies: those registered to do business in the U.S. before March 26, 2025 must file by April 25, 2025; those registered on or after March 26, 2025 must file within 30 calendar days after notice their registration is effective.

FinCEN provides the official BOI e-filing portal, an Outreach and Education Toolkit, a Small Entity Compliance Guide (with flowcharts, checklists, and examples), and FAQs. These are primary training/reference materials.

Many practitioner resources (AICPA, law-firm guidance, CPA firms, payroll/compliance vendors) have published walkthroughs, explanatory articles, videos, and webinars that can be used to build training modules (step-by-step filing walkthroughs, screenshots, sample reports, common issues, and FAQs).

Practical training topics to cover for US business owners/LLC founders: determining whether an entity is a reporting company under the revised rule; identifying beneficial owners and company applicants; claiming and documenting exemptions; timeline and filing deadlines for applicable foreign entities; how to use the FinCEN e-filing system (screenshots, required fields, certification and authorized filers); updating and correcting reports; recordkeeping and document retention; penalties and enforcement risks; privacy, access controls, and safeguards; and when to consult lawyers/accountants.

FinCEN issued an interim final rule (March 26, 2025) narrowing the definition of “reporting company”: domestic entities (entities created in the United States) are exempt from BOI reporting; only foreign entities that have registered to do business in a U.S. state or tribal jurisdiction (i.e., foreign reporting companies) remain within the definition of reporting companies and must file BOI.

Reporting companies do not need to report BOI for U.S. persons; U.S. persons are not required to report BOI for reporting companies for which they are beneficial owners. Deadlines for foreign reporting companies: those registered to do business in the U.S. before March 26, 2025 must file by April 25, 2025; those registered on or after March 26, 2025 must file within 30 calendar days after notice their registration is effective.

FinCEN provides the official BOI e-filing portal, an Outreach and Education Toolkit, a Small Entity Compliance Guide (with flowcharts, checklists, and examples), and FAQs. These are primary training/reference materials.

Many practitioner resources (AICPA, law-firm guidance, CPA firms, payroll/compliance vendors) have published walkthroughs, explanatory articles, videos, and webinars that can be used to build training modules (step-by-step filing walkthroughs, screenshots, sample reports, common issues, and FAQs).

Practical training topics to cover for US business owners/LLC founders: determining whether an entity is a reporting company under the revised rule; identifying beneficial owners and company applicants; claiming and documenting exemptions; timeline and filing deadlines for applicable foreign entities; how to use the FinCEN e-filing system (screenshots, required fields, certification and authorized filers); updating and correcting reports; recordkeeping and document retention; penalties and enforcement risks; privacy, access controls, and safeguards; and when to consult lawyers/accountants.