| State annual report | BOI report | |
|---|---|---|
| Filed with | The state where the LLC was formed or registered | FinCEN, part of the US Treasury |
| Law | Each state’s LLC act | The federal Corporate Transparency Act |
| How often | Every year | Once, with updates when owners change |
| Public | Yes, part of the state’s record | No |
| Applies to a US-formed LLC today | Yes | No |
| If missed | Late fees, then dissolution | Not applicable to US-formed LLCs |
Where BOI stands now
In March 2025 FinCEN issued an interim rule that took companies formed in the United States out of beneficial ownership reporting. Its final rule of August 11, 2026, in effect from August 14, 2026, made that permanent. An LLC formed by filing with a US state is not a reporting company, whatever the nationality of its owners, and has nothing to file or update. FinCEN also said it will delete information already reported by domestic companies.
Only companies formed outside the United States and registered to do business in a state still report, and they do not report owners who are US persons.
What still applies
The state annual report is unchanged. A Wyoming LLC owned from abroad still files every year, and still loses its standing if it does not. Banks also still ask for ownership details when you open or review an account; that comes from a separate bank rule, not from BOI.
Watch for BOI scams
Letters and emails that ask a US LLC to pay for a “BOI filing” or warn of BOI fines are not from FinCEN. FinCEN never charged a fee for BOI reports.
BOI is off your list. The state report is not.
Every state on this site still requires its annual report. $59 plus the state fee, filed within 3 business days.
Order a filing- Nothing charged until you approve
- Full refund before we file
- Filed in 3 business days
Sources
Checked against official sources on November 12, 2026.