Yes, filing your BOI (Beneficial Ownership Information) report is completely free if you submit it directly through the FinCEN.gov website. There are no government filing fees associated with submitting your BOI report.
This requirement falls under the Corporate Transparency Act, which mandates certain U.S. business entities to report information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN).
What Does the BOI Filing Include?
To comply, you must submit:
- Legal name and address of the business
- Information about each beneficial owner:
- Full name
- Date of birth
- Address
- A copy of a valid government-issued ID
Is It Always Free?
While the government filing is free, some business owners choose to hire third-party services or legal professionals to:
- Ensure accuracy
- Handle filing complexities
- Avoid penalties for mistakes
These services may charge a fee, but the official submission through FinCEN is 100% free.
Where to File Your BOI Report
You can file directly via the official FinCEN portal at:
https://boiefiling.fincen.gov/
Final Thoughts
If you’re asking “is filing your BOI free?”—the answer is yes, when filed directly through FinCEN. However, using a professional service may involve fees for convenience and compliance assurance.
