BOI Filing for LLCs: Real Estate Owners’ 2025 Deadline Guide
The Corporate Transparency Act requires most small LLCs to report their beneficial owners to FinCEN. Real estate holding companies are not exempt. Missing the filing window can trigger daily penalties.
Who must file
- LLCs, corporations, and similar entities formed by filing with a state, unless exempt.
- Most single-member and multi-member property holding LLCs are not exempt.
- Exemptions include certain large operating companies, banks, and registered investment entities—rare for rental or flip LLCs.
Deadlines
- Formed before 2024: File BOI by January 1, 2025.
- Formed in 2024: File within 90 days of formation.
- Formed 2025 onward: File within 30 days of formation (current rule; monitor for updates).
What to gather
- Entity legal name, DBA, jurisdiction, and EIN.
- Each beneficial owner’s legal name, DOB, residential address, ID number, and ID image.
- Company applicant info for entities formed after 2023.
How to file
- Visit FinCEN’s BOI filing system and select initial report.
- Upload required owner IDs; double-check spelling and numbers.
- Save the confirmation receipt; store with your operating agreement.
- Calendar updates: any ownership/address changes must be filed within 30 days.
Penalty avoidance
- Late or missing filings can trigger civil penalties per day and potential criminal exposure.
- Appoint a compliance owner or manager to track changes in members and addresses.
- Update BOI after transfers, refis that change ownership, or new trusts receiving interests.
Official source links
- CFPB Homeownership Guidance
Mortgage, closing, and ownership fundamentals from a federal consumer regulator.
- HUD Homebuying Topics
Federal guidance on buying, financing, and avoiding common purchase mistakes.
- USA.gov State Government Directory
Direct path to official state and local government websites.
- FinCEN BOI Filing Portal
Official filing portal and compliance guidance for beneficial ownership reporting.
- FinCEN BOI FAQs
Authoritative FAQ clarifying exemptions, deadlines, and filing details.