CTA BOI Compliance Calculator
Answer 5 questions to find out if your LLC or corporation must file a Beneficial Ownership Information (BOI) report — and get your exact deadline.
Enforcement status is evolving
The CTA and its BOI reporting requirements have faced multiple court challenges since 2024. Before filing or concluding you are exempt, verify current FinCEN guidance at fincen.gov/boi. This tool is for informational purposes only — not legal advice.
1. Does your business have a US-registered legal entity?
Sole proprietors and unincorporated businesses are generally not covered by the CTA.
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<iframe src="https://www.mystatellc.com/tools/cta-compliance?embed=1" width="100%" height="720" frameborder="0" style="border:0;max-width:820px;display:block;margin:0 auto;" title="CTA BOI Compliance Calculator" loading="lazy"></iframe> <p style="text-align:center;font-size:.8125rem;color:#6b7280">Source: <a href="https://www.mystatellc.com/tools/cta-compliance">MyStateLLC CTA Compliance Calculator</a></p>
How CTA BOI reporting works
🏛 What is the CTA?
The Corporate Transparency Act (2021) requires most US LLCs and corporations to disclose their beneficial owners to FinCEN, a bureau of the US Treasury Department.
👤 Who is a beneficial owner?
Any individual who owns or controls ≥25% of the company, or who exercises "substantial control" — senior officers, board members, or those with authority over major company decisions.
📋 23 exemption categories
Large operating companies (>20 FTE, >$5M revenue), banks, insurance companies, SEC-registered entities, nonprofits, and 18 other categories are exempt from filing.
⚠️ Ongoing obligations
After the initial filing, you must submit updates within 30 days whenever beneficial ownership information changes — a new owner, a name change, or an address update.
CTA Compliance Matrix — quick reference
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| Entity type | Employees / Revenue | Industry / status | BOI filing required? |
|---|---|---|---|
| LLC or Corp | Any | Bank, insurance, SEC-registered, etc. | EXEMPT |
| LLC or Corp | Any | Tax-exempt nonprofit (501(c)) | EXEMPT |
| LLC or Corp | >20 FTE + >$5M rev | No regulated industry | EXEMPT — large company |
| LLC or Corp | ≤20 FTE | No regulated industry | REQUIRED |
| LLC or Corp | Any, ≤$5M rev | No regulated industry | REQUIRED |
| Sole prop / no entity | Any | Any | NOT APPLICABLE |