BOI Filing Service
$150 per filing. We handle the FinCEN paperwork.
By {AUTHOR_COMPLIANCE_NAME}, Tax & Regulatory Compliance Lead
What Is BOI Filing?
Beneficial Ownership Information filing is a federal reporting requirement established by the Corporate Transparency Act, codified at 31 USC § 5336. The CTA was enacted January 1, 2021 as part of the National Defense Authorization Act, and FinCEN’s implementing regulations became effective January 1, 2024. The law requires certain entities — called reporting companies — to file a report with FinCEN identifying their beneficial owners. A beneficial owner is any individual who exercises substantial control over the entity or who owns or controls at least 25 percent of its ownership interests. The report includes each beneficial owner’s full legal name, date of birth, residential address, and an identifying number from a government-issued ID such as a passport or driver’s license. The purpose is anti-money laundering enforcement: FinCEN uses BOI data to identify individuals behind shell companies. Reports are filed electronically through the FinCEN BOI E-Filing system at boiefiling.fincen.gov. The filing is not a tax return and is separate from IRS obligations.
Current Status
The BOI filing landscape shifted significantly in March 2025. FinCEN issued an interim final rule on March 21, 2025, published at 90 FR 13688, which exempts domestic reporting companies from BOI filing requirements. A domestic reporting company is any entity created by filing a document with a secretary of state or similar office in any US state or territory. This means every Wyoming LLC, Delaware corporation, and other US-formed entity is currently exempt from filing BOI reports. Foreign reporting companies remain obligated. A foreign reporting company is an entity formed under the law of a foreign country that has registered to do business in any US state. These entities must still file initial BOI reports and update reports within 30 days of changes. FinCEN has indicated it will engage in further rulemaking that may modify or reinstate domestic filing requirements. CSF monitors all FinCEN rulemaking and court orders. Check the BOI Status Tracker for current enforcement status updated monthly at minimum.
What CSF Does
Cowboy State Filings handles the entire BOI filing process from information collection through FinCEN submission. We begin by collecting beneficial owner information: full legal names, dates of birth, current residential addresses, and government-issued identification documents for each beneficial owner meeting the substantial control or 25 percent ownership threshold defined in 31 USC § 5336. We also collect entity information including legal name, trade names or DBAs, principal US address, jurisdiction of formation, and taxpayer identification number. Our compliance team reviews the collected information for completeness and accuracy against FinCEN’s filing requirements. We then prepare and submit the BOI report electronically through FinCEN’s BOI E-Filing system at boiefiling.fincen.gov. Upon successful submission, you receive a FinCEN confirmation transcript. CSF retains a copy of the filed report for your records. If beneficial ownership changes occur, CSF files updated reports within the 30-day window required by the CTA. Each initial or updated filing is $150.
Who Needs This
Under the current March 2025 interim final rule (90 FR 13688), BOI filing is required only for foreign reporting companies. A foreign reporting company is an entity formed under the law of a foreign country that has registered to do business in any US state by filing a registration document with a secretary of state or similar office. If you formed a company in the United Kingdom, Canada, or any other foreign jurisdiction and then registered that entity in Wyoming or another US state, you are a foreign reporting company and must file. Domestic entities — those formed by filing with a US state — are currently exempt. However, CSF recommends that all LLC owners monitor FinCEN rulemaking closely. The domestic exemption was created by interim final rule, not by statute. FinCEN retains authority to reinstate domestic filing requirements through subsequent rulemaking. Entities that may become obligated if rules change should prepare beneficial owner documentation now. CSF offers the BOI Status Tracker to monitor regulatory developments in real time.
Pricing
CSF charges $150 per BOI filing. This covers initial reports and updated reports alike. If your entity’s beneficial ownership changes — a new owner is added, an existing owner’s address changes, or an owner’s identification document is updated — the Corporate Transparency Act requires an updated report filed with FinCEN within 30 calendar days of the change. Each updated filing is $150. There is no annual subscription, no retainer, and no per-owner surcharge. The $150 covers information collection, compliance review, report preparation, electronic submission to FinCEN through boiefiling.fincen.gov, confirmation receipt, and record retention. For entities formed through CSF’s $497 LLC formation package, BOI filing is a separate service because domestic reporting companies are currently exempt under the March 2025 interim final rule. If domestic filing requirements are reinstated by FinCEN, CSF will notify all formation clients and offer BOI filing at the same $150 rate. Volume pricing is available for clients with multiple entities requiring simultaneous BOI filings. Contact CSF for multi-entity quotes.
What You Provide
To prepare your BOI report, CSF needs the following information for each beneficial owner. Full legal name as it appears on the government-issued identification document. Date of birth. Current residential street address — not a PO Box, not a business address, the individual’s home address. A copy of one government-issued identification document: US passport, US driver’s license, state-issued ID card, or foreign passport if the individual does not have a US document. The identification document must include a photograph, the individual’s name, date of birth, and a unique identifying number. For the entity itself, we need the legal name as registered with the Secretary of State, any trade names or DBAs, the principal US business address, the state or foreign jurisdiction of formation, and the entity’s taxpayer identification number (EIN, SSN, or foreign TIN). CSF collects this information through a secure intake form with encrypted file upload for identification documents. All documents are stored in compliance with FinCEN’s security requirements and deleted after the statutory retention period expires.
Frequently Asked Questions
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$150 per filing. We collect the information, prepare the report, and submit to FinCEN on your behalf.
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