Beneficial Ownership

FinCEN's BOI Exemption Isn't Law Yet: What H.R. 425 Would Lock In for Your LLC

FinCEN's March 2025 interim final rule exempts domestic LLCs and corporations from BOI reporting, but the relief lives in regulation; H.R. 425 would codify it in statute—this guide explains who is exempt today, who still must file (foreign reporting companies), and the bookkeeping to keep while Congress decides.