Do I need to file a BOI report for a Firstbase LLC?

Beneficial Ownership Information (BOI) reporting is a FinCEN requirement that once looked like it would cover almost every small company. That changed with the interim final rule effective March 26, 2025, which exempts domestic (US-formed) companies and US persons from filing. A standard LLC you formed through Firstbase in Delaware or Wyoming is a US-formed company, so it falls under that exemption.

The exception is for foreign-formed entities. If your business was originally formed outside the US and then registered to do business in a US state, the rule still requires you to file BOI. That is a narrow situation and does not apply to the typical founder who used Firstbase to create a fresh US LLC or C-Corp.

One honest caveat: a final rule was pending at the Office of Management and Budget as of mid-2026, so the requirements could change. Do not treat today's exemption as permanent. The safe habit is to check FinCEN's current guidance (or ask your accountant) once a year and before any deadline, so you catch any update that reintroduces filing for domestic companies.

This is one of the reasons a clean US formation is attractive: right now, a normal Firstbase LLC has one fewer federal filing to worry about. Keep your formation documents and EIN letter organized so that if the rule shifts, you can file quickly with the ownership details already on hand.

For the wider list of yearly obligations you do owe, such as state franchise tax, see /firstbase-annual-compliance-cost. Non-residents wondering how ownership reporting interacts with owning a US company can also read /firstbase-for-non-residents and /blog/how-to-start-a-us-llc-as-a-non-resident.