Concierge service for FinCEN BOI Filing. You hire My Latin Life; local immigration specialists (and licensed counsel where required) file on your behalf. The deliverable: a completed filing or account setup — not advice-only — not advice, not a DIY packet.
FinCEN BOI Filing Assistance
If you own an LLC or corporation in the United States, you’ve probably seen warnings about a Beneficial Ownership Information (BOI) report required by the Financial Crimes Enforcement Network (FinCEN), with penalties of $500 per day for not filing. That was true under the original rule — but it changed. As of March 2025, FinCEN exempted US-formed entities and US persons from the requirement entirely. Only entities formed in a foreign country and registered to do business in a US state must currently file.
This rule has flip-flopped before — injunctions, court appeals, and reversals have moved the goalposts multiple times since the requirement was created. The underlying Corporate Transparency Act was never repealed, and FinCEN has signaled it intends to finalize its current exemption rule, which means the picture could shift again. MLL monitors your filing status and handles the report if and when it applies to you.
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| Quick Facts: FinCEN BOI Filing (current as of this rule cycle) | |
|---|---|
| US-Formed LLCs/Corporations | Currently exempt, regardless of owner nationality — effective March 26, 2025 |
| Foreign-Formed Entities Registered in the US | Still must file |
| Underlying Law | Corporate Transparency Act — still in effect; the exemption is a FinCEN rule, not a repeal |
| Rule Stability | Volatile — injunctions and reversals have changed this multiple times; could change again |
| Penalty If Filing Is Required and Missed | Up to $500/day under the original statute — applies only to entities currently required to file |
| MLL Service Fee | See checkout |
What happens after you pay
- Confirmation email — Stripe receipt and onboarding link within one business day.
- Onboarding — Document checklist and intake; your MLL contact introduced.
- Preparation — We review your file before travel or filing.
- Execution — Local specialists handle government submission; MLL coordinates.
- Delivery — Approved outcome or completed deliverable with status updates.
What’s Actually Required Right Now
FinCEN’s March 2025 interim final rule redefined “reporting company” to mean only entities formed under the law of a foreign country that have registered to do business in any US state or tribal jurisdiction. If your LLC or corporation was formed in the US — even with 100% foreign ownership — you are currently exempt from federal BOI reporting. This is a genuine, official change, not a workaround.
Why “Currently” Matters
- The Corporate Transparency Act itself was never repealed by Congress — the exemption exists at the regulatory level, issued by FinCEN.
- The requirement has already been enjoined, reinstated, and narrowed multiple times through litigation since it was created — this is not the first reversal.
- FinCEN has said it intends to finalize the current interim rule, but the final version, a future court challenge, or a future administration could change the requirement again.
- If you formed a foreign entity and registered it to do business in a US state, the filing requirement applies to you right now, not just hypothetically.
Who Should Use This Service
- Foreign-formed entities registered to do business in a US state — you currently must file, and MLL prepares and submits the report for you.
- US-formed LLC or corporation owners who want to stay ahead of another rule reversal — MLL monitors FinCEN rulemaking and notifies you if the exemption changes and filing becomes required again.
- Anyone unsure which category their entity falls into — MLL confirms your entity’s formation jurisdiction and current filing status before you do anything.
What Filing Requires (If It Applies to You)
- Legal name and address of the company
- EIN (Employer Identification Number)
- Name, date of birth, address, and ID document (passport or driver’s license) for each beneficial owner
- Company applicant information, for entities registered after the applicable rule date
What You Receive
- A confirmed determination of whether your entity currently must file, based on its formation jurisdiction
- A filed BOI report — if your entity is a foreign-formed entity registered in the US and currently required to file
- Status monitoring — MLL tracks FinCEN rulemaking and flags you if the exemption for US-formed entities changes
- Filing confirmation — documented proof of submission when a filing is made
What MLL Does
- Confirms your entity’s formation jurisdiction and current BOI filing status before anything else
- Prepares and files the BOI report if your entity currently must file
- Monitors FinCEN rulemaking on your behalf, since this rule has changed multiple times already
- Notifies you and refiles if the requirement is reinstated for US-formed entities
MLL is not advisory-only here. Compared to tracking a genuinely unstable federal rule yourself and risking a missed deadline if it reverses again, you get a status check now and ongoing monitoring for one fee.
Confirm Your BOI Filing Status
Order the service for a status check and filing if required, or book a call first if your entity structure is complex.
Order FinCEN BOI Status Check & Filing →
Not sure if this applies to you? Book a consultation call
Who This Service Is Not For
- US-formed LLC owners who just want confirmation they’re exempt right now — if you only need today’s answer and don’t want ongoing monitoring, the current rule (formation in the US = exempt) is publicly stated by FinCEN; this service adds value mainly through monitoring and filing if that changes.
- Anyone expecting a permanent, unchanging answer — this area of law has genuinely moved multiple times; MLL cannot promise the rule won’t shift again, only that we’ll flag it if it does.
- Large, already-regulated companies — certain large operating companies and regulated entities have separate exemptions under the original statute; MLL confirms if this applies to your specific entity.
After You Purchase
- Confirmation email — receipt and a short intake form within 1 business day.
- Status determination — MLL confirms your entity’s formation jurisdiction and current BOI filing requirement.
- Filing, if required — MLL prepares and submits your BOI report to FinCEN.
- Monitoring — MLL tracks FinCEN rulemaking and notifies you of any change affecting your entity.
Total Cost Overview
| Cost Item | Amount |
|---|---|
| MLL service fee (status determination, filing if required, rule-change monitoring) | See checkout |
| FinCEN government fee | $0 — FinCEN does not charge to file a BOI report |
Frequently Asked Questions
Do I still need to file if my LLC is formed in the US?
Currently, no. As of March 2025, FinCEN exempted US-formed entities and their beneficial owners from BOI reporting, regardless of the owner’s nationality. This is an active regulatory exemption, not a repeal of the underlying law, so it’s worth confirming your status rather than assuming it’s permanent.
Could this requirement come back for US-formed entities?
Yes, that’s a real possibility. The BOI requirement has already been through injunctions, appeals, and reversals since it was created. The Corporate Transparency Act itself remains law, and FinCEN’s exemption could be challenged in court or revised by a future rulemaking.
Who currently must file a BOI report?
Entities formed under the law of a foreign country that have registered to do business in a US state or tribal jurisdiction. US-formed LLCs and corporations, including those owned entirely by non-US residents, are currently exempt.
How much does this cost?
See checkout for pricing — this covers a status determination for your entity, filing if you currently must file, and ongoing monitoring for rule changes. FinCEN does not charge a government fee to file a BOI report.
What if I already filed under the old rule before the exemption?
A prior filing does not need to be withdrawn, but you’re not required to keep it updated if your entity is now exempt. MLL can confirm your current status and advise whether any action is needed.