Do I need to file a Beneficial Ownership Information (BOI) report for my LLC?

No, if your company was formed in the US. Under FinCEN's interim final rule of March 2025, finalized in August 2026, US-formed companies and their beneficial owners are permanently exempt from BOI reporting. This applies no matter when your company was formed. ## Who still has to report Only foreign companies (formed under another country's law) that are registered to do business in a US state still have to file BOI reports, and they don't have to report US persons as beneficial owners. ## If you already filed If you started or completed a BOI filing before the exemption took effect, you don't need to do anything else. ## What you still need to do Being exempt from BOI reporting doesn't change your other obligations. You still need to: 1. File your state's annual report on time to stay in good standing. 2. File your federal tax return each year, including [Form 5472](https://ask.doola.com/article/4100a5db-how-do-i-file-form-5472-for-my-foreign-owned-llc-and-what-are-the-requirements) and a pro forma Form 1120 if you're a foreign-owned single-member LLC. 3. File an FBAR (FinCEN Form 114) if your company's foreign financial accounts exceed $10,000 combined at any point during the year.