# Beneficial ownership information report

> Beneficial ownership information report — The report of a company's beneficial owners to FinCEN under the Corporate Transparency Act. Since the March 2025 interim final rule and the final rule effective August 14, 2026, companies created in the United States and US persons are exempt; only entities formed under foreign law and registered to do business in a US state still report.

Source: https://lopifi.com/glossary/beneficial-ownership-information-report
Part of: Lopifi — US GAAP books on autopilot, checked by a CPA (https://lopifi.com)

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**What is beneficial ownership information report?** In accounting, beneficial ownership information report means the report of a company's beneficial owners to FinCEN under the Corporate Transparency Act. Since the March 2025 interim final rule and the final rule effective August 14, 2026, companies created in the United States and US persons are exempt; only entities formed under foreign law and registered to do business in a US state still report.

## Also known as

- BOI report

## Words this system refuses for it

- cap table
- KYC (a bank's own check)

- **Category:** Entity & compliance
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)