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Guide

BOI Filing for LLC Guide

Every LLC must file a BOI report with FinCEN unless exempt. Report beneficial owners with 25%+ ownership. File free at fincen.gov/boi.

Every LLC must file a Beneficial Ownership Information (BOI) report with FinCEN unless it qualifies for one of 23 exemptions. Most LLCs do NOT qualify for exemptions (they have fewer than 20 employees and under $5M revenue). File free at fincen.gov/boi. Report all beneficial owners with 25%+ ownership or substantial control.

LLC Filing

BOI Filing for Your LLC

Step-by-Step

  1. Go to fincen.gov/boi
  2. Select 'File BOIR'
  3. Enter company information (LLC name, EIN, address, state of formation)
  4. Add each beneficial owner (name, DOB, address, ID document + photo)
  5. Add company applicant (if formed after Jan 1, 2024)
  6. Review and submit
  7. Save your confirmation receipt

What You Need

| Item | Details | |------|---------| | LLC name & EIN | As registered with state | | State of formation | Where LLC was filed | | Each owner's passport/license | Photo + number | | Each owner's DOB & address | Residential, not business |

For Foreign LLCs

Foreign-Owned LLCs

Foreign-owned LLCs have the same BOI requirements. Non-US beneficial owners report:

  • Foreign passport as ID document
  • Foreign residential address
  • All other standard fields

BOI filing is separate from Form 5472 (also required for foreign-owned LLCs).

See EIN for non-residents and EIN for LLC.

Penalties

Failure to File

  • $500/day civil penalty
  • Up to $10,000 fine
  • Up to 2 years imprisonment (willful violations)

See BOI penalties for details.

Apply for EIN — $49 | BOI filing | BOI requirements

Frequently Asked Questions

Is BOI filing required?

Yes, for most LLCs and corporations. 23 exemption categories exist for large companies. See BOI filing requirements.

Is BOI filing free?

Yes. Filing directly with FinCEN at fincen.gov/boi is completely free. No government fee exists.

What is the penalty for not filing BOI?

$500 per day civil penalty, up to $10,000 fine, and up to 2 years imprisonment for willful violations.

Who is a beneficial owner?

Any individual with 25%+ ownership interest or substantial control over the company (CEO, CFO, managing member).

Where do I file BOI?

File at fincen.gov/boi. This is the only authorized filing platform. BOI is a federal filing, not a state filing.

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