Compliance

BOI Reporting Is No Longer Required for Wisconsin LLCs

Darius F. Sanders · Founder, Wi Filings · Published 2026-03-04

Short answer: If your LLC was formed in Wisconsin or another U.S. state, you do not need to file a Beneficial Ownership Information (BOI) report with FinCEN. You do not need to update an old report or pay anyone to file one for you. FinCEN made the domestic-company exemption permanent in its August 2026 final rule.

Here is what changed, who still may have to file, and the Wisconsin filings that still matter.

What happened to BOI reporting

The Corporate Transparency Act originally required many small LLCs to report their beneficial owners to FinCEN, the U.S. Treasury’s Financial Crimes Enforcement Network. The requirements changed in two steps:

March 2025: interim final rule. FinCEN’s rule, effective March 26, 2025, exempted companies created in the United States from BOI reporting.
August 2026: final rule. Treasury announced the finalized change on August 11, 2026. The rule took effect August 14, 2026 and made the exemption for U.S. companies permanent. It also expanded relief for U.S. persons.

If you read about BOI deadlines and daily penalties in 2024, those domestic-company filing requirements no longer apply to a Wisconsin-formed LLC.

Do I need to do anything if I already filed?

No. Domestic companies that already filed have no obligation to update or correct their BOI reports. U.S. persons with a FinCEN ID also do not need to update or correct the information they supplied to obtain that ID.

FinCEN plans a one-time deletion process for previously submitted information about exempt U.S. companies and U.S. persons. For individuals, including beneficial owners, company applicants, and FinCEN ID recipients, it expects to use identifying documents to identify people it reasonably believes are U.S. persons.

FinCEN does not expect companies or individuals to request deletion, and it does not plan to send individual confirmations. It plans to announce completion on its website. The plan does not cover information included in filings made after February 10, 2027. You do not need to buy a deletion service.

Who still has to file?

Nonexempt foreign reporting companies may still have to file: entities formed under another country’s laws that register to do business in a U.S. state or tribal jurisdiction. Other exemptions may apply, so a foreign entity should check FinCEN’s rules for its circumstances.

Newly registered, nonexempt foreign reporting companies generally have 30 calendar days after actual or public notice that their registration is effective to file. They report non-U.S. beneficial owners; they do not report U.S. person beneficial owners or U.S. person company applicants. Older registrations may have already passed their filing deadline.

A Wisconsin LLC is a domestic U.S. company even if some owners live outside the United States. The exemption depends on where the company was formed, not where its owners live. An LLC formed in another U.S. state is also exempt from federal BOI reporting, even though Wisconsin calls it a “foreign LLC” for state registration purposes.

Watch out for BOI scams

Some businesses still receive official-looking letters or emails demanding a “BOI filing fee” or threatening penalties. A Wisconsin-formed LLC does not owe a federal BOI report. Do not click suspicious payment links or share personal information in response. Check FinCEN’s official BOI page, or contact us at (414) 262-6010. FinCEN does not charge a fee to file directly.

What Wisconsin LLC owners still need to file

The federal BOI exemption does not replace your Wisconsin compliance or tax obligations:

Annual report with Wisconsin DFI. A domestic LLC files each year starting the year after formation, by the end of its anniversary quarter. The state fee is $25 online for each report year. Missing reports can lead to delinquency and eventually administrative dissolution. See how the annual report works →
Registered agent. Keep a registered agent and Wisconsin registered office on file, with current contact information. Registered agent service →
State and federal taxes. Wisconsin Department of Revenue and IRS tax filings are separate from BOI reporting.
EIN, if you need one. Banks commonly request an EIN to open a business account. EIN service →

How Wi Filings can help

For a Wisconsin-formed LLC, your annual report remains an important yearly filing:

One report year: $75, including the state fee.
Behind on reports? See your total before you pay: $110 for two report years or $135 for three, including state fees.
Registered Agent + Annual Report: $169/year, including our Milwaukee registered agent address and your covered annual report, with no separate $75 charge.

See your report years and total before you pay.

Find My Business & Filing Total →

Frequently asked questions

Does my Wisconsin LLC need to file a BOI report in 2026?

No. FinCEN’s final rule, effective August 14, 2026, permanently exempts companies formed in the United States from federal BOI reporting.

I filed a BOI report in 2024. Do I need to update it?

No. Domestic companies have no obligation to update or correct their previously filed BOI reports. FinCEN plans a one-time deletion process for previously submitted information about exempt U.S. companies and U.S. persons. It does not expect you to request deletion or receive individual confirmation.

My LLC has a non-U.S. owner. Do we have to file?

Not if the LLC was formed in Wisconsin or another U.S. state. The exemption depends on where the company was formed, not where its owners live. Nonexempt companies formed under another country’s laws and registered to do business in the United States may still have to report.

Does the federal BOI exemption replace my Wisconsin annual report?

No. Your Wisconsin DFI annual report is a separate state filing. It asks for business information such as your registered agent, principal office, and a manager or member. Your state and federal tax obligations are separate as well.

Someone sent me a letter demanding a BOI fee. What should I do?

Do not pay a demand claiming your Wisconsin-formed LLC owes a federal BOI filing fee. Verify the message at FinCEN.gov/boi before clicking links or sharing information, or contact Wi Filings at (414) 262-6010. FinCEN does not charge a fee to file a BOI report directly.

Official sources

General information reviewed September 26, 2026. Wi Filings is a business filing service, not a law firm.

Legal Disclaimer The information in this article is provided for general educational purposes only and does not constitute legal, tax, or financial advice. Wi Filings is not a law firm and is not authorized to provide legal advice. Every business situation is unique — consult a licensed Wisconsin attorney or qualified accountant before making decisions about your LLC's structure, compliance obligations, or financial strategy. Nothing in this article creates an attorney-client relationship between you and Wi Filings.

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