Michigan . BOI / FinCEN
Michigan BOI / Beneficial Ownership reporting in 2026.
The Corporate Transparency Act required most US businesses to file a Beneficial Ownership Information (BOI) report with FinCEN. FinCEN's final rule of August 14, 2026 permanently exempts US-formed entities. This page explains the current state and what Michigan businesses should actually do.
2025 IFR . current status
Most US-formed entities are now exempt
FinCEN eliminated the BOI reporting requirement for US-formed entities in March 2025 and made it permanent by final rule on August 14, 2026. Reporting remains required for foreign entities that register to do business in Michigan or any US state. Always verify current FinCEN guidance, as rules can change.
Who still files
- Foreign entities registered to do business in Michigan. Entities formed under the law of another country and registered to do business in any US state are still subject to BOI reporting. A US-formed entity that registers in a second state is not.
- Entities formed outside the 50 US states and DC. Including those formed in US territories under different rules.
- Entities operating under specific industry rules that independently require beneficial ownership disclosure (banking, securities).