Know the BOI rule (and avoid the scams)
Stage 1: Lay the foundation. Step 6 of 24 in the new LLC launch playbook. You may hear that new LLCs must file a Beneficial Ownership Information (BOI) report with FinCEN. That changed.
Key points:
- Under a final rule FinCEN announced in August 2026, U.S. companies and U.S. persons no longer have to file BOI reports.
- Companies formed outside the U.S. and registered to do business here may still have to file.
- Ignore letters or emails that demand a fee to file a BOI report for your U.S. LLC.
Cost: Free. Check: FinCEN.gov/boi.
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