Reporting companies that were established or registered for business before January 1, 2024, have until January 1, 2025, to submit their initial BOI report.
Reporting companies formed or registered between January 1, 2024, and January 1, 2025, have 90 calendar days, after receiving actual or public notice that their company's creation or registration is effective, to file their initial BOI reports.
Reporting companies created or registered on or after January 1, 2025, must file their initial reports within 30 calendar days from the actual creation or registration date or from the date of public notice.
Example #1: ABC Company (formed/registered in April 1999); does not qualify for an exemption.
Filing deadline: before January 1, 2025
Example #2: NY Corp (formed/registered January 10, 2024); does not qualify for an exemption.
Filing deadline: 90 days from receiving notice of company’s effective registration.
Additionally, companies must submit updated reports if there are any changes regarding the company or its beneficial owners. These updated reports are due within 30 days of any changes.
The following are some examples of changes that would require an updated BOI report:
- If a reporting company changes its name, including a new DBA or Trade Name.
- If there’s a change in beneficial owners – such as the company hired a new CEO, or an existing owner reaches the 25% ownership threshold and is now considered to be a beneficial owner.
- Death of a beneficial owner – when the deceased beneficial owner’s estate is settled.
- If there’s any change to the existing beneficial owners identifying information – such as change of name, address, or unique identifier and/or if a beneficial owner is issued a new driver’s license or identifying document that has updated information.
- A new report must be filed if a minor child, under the special reporting rule, was omitted from a previously filed BOI report, turns 18 a new BOI report must be filed.
Example 1: Trust, LLC (formed/registered in August 2005); hired a new CFO on February 25, 2025, and does not qualify for an exemption.
Filing deadline: 30 days from when the new CFO was hired.
Example 2: ABC, Inc (formed/registered in March 2024); John, a beneficial owner, was 15 at the time and therefore omitted from the initial report under the special reporting rule. He turns 18 on June 14, 2026.
Filing deadline: 30 days from his 18th birthday.
Related Articles: What details must be included about a reporting company? Are we required to report a DBA or Trade Name?
What is a Reporting Company?