What Is BOI Filing?
The BOI (Beneficial Ownership Information) filing is a new federal requirement under the Corporate Transparency Act (CTA). Businesses such as LLCs, corporations, and similar entities must report their beneficial owners to FinCEN (Financial Crimes Enforcement Network).
Is There a Filing Fee for BOI?
No, There Is No Government Filing Fee
The official BOI report can be submitted directly to FinCEN through their BOI E-Filing system. There is no filing fee required by the U.S. government.
FinCEN’s official portal:
https://boiefiling.fincen.gov
Why You Might See Fees Elsewhere
While FinCEN does not charge for BOI filing, third-party services may charge a fee to help you complete and submit the report. These services offer:
- Form preparation assistance
- Compliance reviews
- Ongoing updates for changes in ownership
Example of Typical Third-Party Fees:
| Service Provider Type | Price Range |
|---|---|
| DIY on FinCEN Website | $0 |
| Online Filing Services | $50 – $300 |
| Legal/CPA Filing Help | $150 – $500 |
Do You Need to Pay?
- If you’re comfortable filing yourself → No cost.
- If you want professional help → Expect to pay a service fee.
Conclusion
Is there a filing fee for BOI?
No, there’s no government-mandated fee for submitting your BOI report to FinCEN. However, if you choose to use a third-party service for support, you may need to pay for their expertise or convenience.
