Do US LLCs still file a BOI report in 2026?
No. If your LLC or corporation was formed in a US state, you don't file a beneficial ownership information (BOI) report with FinCEN.
What changed
The Corporate Transparency Act originally required almost every small US company to report its owners to FinCEN. In March 2025 an interim rule exempted companies formed in the US. FinCEN then made that exemption permanent with a final rule dated August 11, 2026, effective August 14, 2026.
Under the current rule:
- LLCs and corporations formed in any US state don't file BOI reports;
- US persons don't have to be reported as beneficial owners of any company;
- companies formed outside the US that register to do business in a US state may still have to report their non-US owners.
It doesn't matter who owns the LLC
A Wyoming or Delaware LLC owned by someone living in Spain, India or Brazil is still a US-formed company, so it's exempt too. Foreign ownership of a US-formed company doesn't create a BOI filing.
Watch out for official-looking letters
Some services still send letters or emails offering to "file your BOI report" for a fee. If your company was formed in the US, there's nothing to file. Don't pay for it.
State rules are separate
The federal exemption doesn't cancel state laws. New York's LLC Transparency Act, in effect from January 1, 2026, applies to LLCs formed outside New York that register to do business there. If your company is registered in a state as a foreign LLC, check that state's rules.
What you still file
BOI going away doesn't change your tax filings. Your company still files its federal return every year (Form 1120, 1120-S, 1065, or Form 5472 with a pro forma 1120 for a foreign-owned single-member LLC) and its state annual report where one is required.