Important Update for US Business Owners: FinCEN has issued an Interim Final Rule (effective March 26, 2025) that significantly changes Beneficial Ownership Information (BOI) reporting. Domestic U.S. entities, including LLCs, are now exempt from BOI reporting to FinCEN. Only foreign-formed entities registered to do business in a U.S. State or Tribal jurisdiction must report. Foreign entities registered before March 26, 2025, must file by April 25, 2025. Those registered on or after March 26, 2025, have 30 days to file. For comprehensive details and practical guidance on BOI documentation, visit our full blog post and download our CEO BOI Checklist.
