What is a BOI report?

BOI (Beneficial Ownership Information) reports contain information about a business entity and its beneficial owners. The Corporate Transparency Act requires certain businesses to submit BOI reports to FinCEN, a government bureau that helps detect financial crimes.

If your startup was incorporated through Clerky, you don't need to file a BOI report. FinCEN's interim final rule exempts companies formed in the US from this requirement. All startups incorporated through Clerky are Delaware corporations, so they're covered by the exemption. This includes startups with non-US founders. Keep in mind that FinCEN's interim final rule is subject to change and this exemption could be modified or removed in the future.