Compliance
BOI report under the Corporate Transparency Act: 2026 status update
Beneficial Ownership Information reporting requirements for new Delaware entities under the Corporate Transparency Act. 2026 status, deadlines, and penalties.
What the BOI report requires
The BOI (Beneficial Ownership Information) report is filed with FinCEN under the Corporate Transparency Act (31 U.S.C. § 5336). The report discloses beneficial owners of US business entities to FinCEN for anti-money-laundering purposes.
Newly formed entities currently must file within 90 days of formation. The form requires each beneficial owner's name, date of birth, residential address, and a unique identifying number from a government-issued ID (passport, driver license).
The 2026 status
After legal challenges through 2024-2025, the Corporate Transparency Act has been upheld and BOI reporting remains required for newly formed entities. Existing entities also have filing obligations under separate timelines.
The penalty structure: $591 per day for non-filing (CPI-adjusted from $500), criminal penalties up to $10,000 and 2 years prison for willful violations. The penalty accrues per day until filing.
How Delewarellc handles BOI awareness
At formation, the Delewarellc bundle includes a BOI awareness brief explaining the requirement. We do not file BOI on the customer's behalf because the form requires the beneficial owner's personal verification.
We send a reminder 30-45 days before the 90-day window closes. The filing itself is free at fincen.gov/boi and takes 15-20 minutes once you have your identification ready.
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