The Complete Guide to Filing BOI (Beneficial Ownership Information) for Your LLC

Starting January 1, 2024, the U.S. government requires all LLCs and small businesses to file a new report known as the BOI (Beneficial Ownership Information) report with FinCEN — the Financial Crimes Enforcement Network.

This requirement is part of the Corporate Transparency Act (CTA), aimed at increasing transparency and preventing financial crimes such as money laundering, tax evasion, and fraud.

If you’ve recently formed an LLC — especially as a non-U.S. resident — or already operate a U.S. business, this guide will walk you through everything you need to know about BOI filing in 2025.

🧾 What is BOI (Beneficial Ownership Information)?

BOI refers to the names and personal details of the real people who own or control a company. The U.S. government now requires these details to be submitted directly to FinCEN.

It’s not a tax filing — but a legal compliance requirement for most small businesses.

📌 Who Needs to File BOI?

You must file BOI if:

✅ You own or manage a U.S. LLC, Corporation, or similar entity, ✅ Your business was formed before or after January 1, 2024, ✅ Your company isn’t exempt under the CTA (e.g., large corporations, regulated financial institutions)

Non-U.S. residents with a U.S. LLC are also required to file.

⏳ BOI Filing Deadlines

Business Type	Deadline
Formed before Jan 1, 2024	By Jan 1, 2025
Formed on/after Jan 1, 2024	Within 90 days of formation
Formed after Jan 1, 2025	Within 30 days of registration
Changes in ownership info	File updated BOI within 30 days

⏰ Failure to file can result in fines up to $500/day and even criminal charges.

📄 What Information Do You Need to File BOI?

You’ll need to submit the following details to FinCEN:

🧑 For Each Beneficial Owner:

• Full Legal Name

• Date of Birth

• Residential Address

• ID Document (Passport, Driver’s License, etc.)

• A copy of the ID (PDF or image)

🏢 For Your Company:

• LLC Name

• State of Formation

• Business Address

• EIN (Employer Identification Number)

Beneficial Owner = Anyone who owns 25% or more OR exercises significant control over the company.

🛠️ How to File Your BOI Report

You can file your BOI report online for free at:👉 https://boiefiling.fincen.gov

📝 Filing Options:

• Do-It-Yourself (DIY): Visit FinCEN’s website, create an account, fill out the secure online form, and upload required documents.

• Use a Filing Service: TechX Strategies can file on your behalf, ensuring all details are correct and compliant.

❗ Common Mistakes to Avoid

🚫 Submitting incorrect ID documents 🚫 Using a business address instead of a personal residential address 🚫 Missing filing deadlines (especially for 2024 LLCs) 🚫 Not updating when ownership changes

Even if you own a New Mexico or Wyoming LLC with privacy protection — BOI filing is still required.

✅ BOI Compliance Made Easy with TechX

At TechX Strategies, we help U.S. and international entrepreneurs:

• File BOI reports for New LLCs

• File overdue BOI for existing businesses

• Update BOI reports after ownership changes

• Ensure legal compliance with U.S. FinCEN laws

📩 You don’t have to navigate this alone. Let TechX file your BOI — fast, secure, and 100% compliant.

🔒 Is My BOI Info Public?

No. The BOI report is not publicly searchable. It is stored securely by FinCEN and only accessible to authorized U.S. agencies (IRS, law enforcement, etc.) when necessary.

Your data is protected — but non-compliance can still lead to heavy fines.

✨ Final Thoughts

If you own a U.S. LLC or Corporation, filing BOI is now mandatory — whether you're based in the U.S. or abroad.

Staying compliant isn’t just about avoiding fines — it also builds trust with platforms like Stripe, PayPal, and banks.

📌 Need help with BOI filing? TechX Strategies will handle the full process for you — from document prep to submission — so you can focus on growing your business.

Book your free consultation today.