No, there is currently no fee for filing a BOI (Beneficial Ownership Information) report with FinCEN. As part of the Corporate Transparency Act (CTA), the U.S. Treasury has made the BOI filing process free of charge to reduce barriers for small businesses and startups.
Why Is the BOI Report Free?
The purpose of the BOI report is to combat money laundering, tax evasion, and financial fraud by requiring companies to disclose their beneficial owners. To encourage full compliance, FinCEN does not charge any filing fee.
Beware of Scams
Because the BOI filing is free, beware of third-party services or scams claiming you must pay large fees to file. Only use the official FinCEN filing portal or trusted filing services.
Can I File the BOI Report Myself?
Yes, businesses can file the BOI report directly on the FinCEN website for free. However, if you’re unsure about the process or want to ensure accuracy, you may choose to hire a filing service—but this is optional.
Final Thoughts
To answer the question, “Is there a fee for filing a BOI report?” — no, it’s free when filed directly through FinCEN. Just make sure you file by your deadline and keep your information up to date.
