Reference Materials

All entities created in the United States — including those previously known as “domestic reporting companies” — and their beneficial owners are now exempt from the requirement to report beneficial ownership information (BOI) to the Financial Crimes Enforcement Network (FinCEN) under the Corporate Transparency Act (CTA).

FinCEN published an interim final rule on March 26, 2025, that revised the definition of “reporting company” in its regulations implementing the CTA to mean only those entities formed under the law of a foreign country that have registered to do business in any U.S. State or tribal jurisdiction by the filing of a document with a secretary of state or similar office (formerly known as “foreign reporting companies”). FinCEN also formally exempted entities previously known as “domestic reporting companies” from the CTA’s reporting requirements.

Reporting companies now also do not need to report the BOI of any U.S. persons, and U.S. persons are exempt from having to provide BOI with respect to any reporting company for which they are a beneficial owner.

Foreign entities that meet the new definition of a “reporting company” and do not qualify for an exemption from the reporting requirements are required to file with FinCEN under new deadlines:

  • Reporting companies registered to do business in the United States before March 26, 2025, must file BOI reports by April 25, 2025.
  • Reporting companies registered to do business in the United States on or after March 26, 2025, have 30 calendar days to file an initial BOI report after receiving notice that their registration is effective.

The guidance issued below has not yet been fully updated to account for this new interim final rule. Thus, any guidance here indicating that U.S companies, or their beneficial owners, must report BOI to FinCEN; that BOI must be reported for U.S. persons; or that reporting companies must report BOI before April 25, 2025, should be disregarded.

Communications Toolkit

Beneficial Ownership Reporting Outreach and Education Toolkit

Laws

Corporate Transparency Act

31 U.S.C. 5336 (Beneficial ownership information reporting requirements)

Regulations

31 CFR 1010.380 (excerpt from Beneficial Ownership information Reporting Requirements Final Rule)

Final Rules

Update to the Public Utility Exemption Under the Beneficial Ownership Information Reporting Rule
Beneficial Ownership Information Reporting Deadline Extension for Reporting Companies Created or Registered in 2024
Use of FinCEN Identifiers for Reporting Beneficial Ownership Information of Entities
Beneficial Ownership Information Reporting Requirements Final Rule

Beneficial Ownership Information Access and Safeguards Final Rule

Interim Final Rules

Beneficial Ownership Information Reporting Requirement Revision and Deadline Extension

Proposed Rules

Beneficial Ownership Information Reporting Deadline Extension for Reporting Companies Created or Registered in 2024
Beneficial Ownership Information Reporting Requirements Advance Notice of Proposed Rulemaking (ANPRM)

Beneficial Ownership Information Reporting Requirements Notice of Proposed Rulemaking (NPRM)

Beneficial Ownership Information Access and Safeguards and Use of FinCEN Identifiers for Entities NPRM

 

Beneficial Ownership Information Collections

Small Entity Compliance Guides