A BOI report is a filing to FinCEN identifying the individuals who ultimately own or control a company, introduced under the Corporate Transparency Act. Its scope has changed repeatedly: a 2025 interim rule exempted companies created in the United States, leaving certain foreign entities registered in the US in scope.
Why does BOI report matter for founders?
Because the rules moved several times, most articles about BOI are out of date, and scam letters demanding payment for a free filing are common. Always confirm current requirements on FinCEN's own site before paying anyone.
Where can I read more about BOI report?
Note: A plain-English definition for orientation, not legal or tax advice. Rules change - last checked 2026-07-21.