On Aug 11, 2026, FinCEN issued a final rule permanently removing the Corporate Transparency Act beneficial-ownership (BOI) reporting requirement for US-formed companies and US persons, effective on Federal Register publication. FinCEN will delete previously reported US-person data from its database; only foreign reporting companies must still file on foreign individuals.
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FinCEN permanently ends beneficial-ownership reporting for US companies and persons
Why this matters for founders
US-incorporated startups can stop tracking BOI filing deadlines entirely—no initial or updated reports, and earlier filings are being purged. Foreign-owned entities should confirm whether they still fall under the remaining foreign-reporting requirement.
Source: FinCEN (U.S. Treasury)
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