Foreign entities that meet the definition of a “reporting company” and do not qualify for an exemption are required to file a Beneficial Ownership Information report. Unsure of your obligations under the new reporting rule? BizzHopper is here to assist.
BOI stands for Beneficial Ownership Information — a legal reporting requirement introduced under the Corporate Transparency Act (CTA) and enforced by the Financial Crimes Enforcement Network (FinCEN).
Originally, beginning January 1, 2024, almost all small businesses — including LLCs and corporations — were required to file a BOI report with FinCEN within 30 days of formation. However, in March 2025, a critical update changed the game:
As of March 2025, U.S. companies are no longer required to file BOI reports. Only foreign entities must comply with BOI reporting.
BOI reports collect information about:
For each beneficial owner and applicant, the following must be submitted:
Company-level data (name, formation jurisdiction, and address) must also be included.
The penalties for non-compliance are serious:
FinCEN is working with the IRS, law enforcement, and banks to ensure compliance — and foreign businesses are being flagged in underwriting processes if they fail to report.
If you plan to apply for a business bank account, credit cards, loans, government grants, or contracts, BOI compliance is essential. Increasingly, lenders and underwriters require proof of BOI filing before granting approvals.
…then BOI compliance is essential. More lenders and underwriters are requiring proof of BOI filing before approvals.
| Registration Date | BOI Filing Deadline |
|---|---|
| Before March 26, 2025 | April 25, 2025 |
| On or after March 26, 2025 | Within 30 calendar days of formation |
| After January 1, 2026 (when rule may change) | Subject to future FinCEN updates |
Yes, the IRS allows you to file for an EIN yourself—for free. But here’s why thousands of entrepreneurs choose us
At BizzHopper, we don’t simply help you start a business. We structure it for funding, credit, legal protection, and operational legitimacy, ensuring long-term success and growth.
During registration, we ask the right ownership questions upfront, track BOI filing requirements, and seamlessly integrate compliance steps into your workflow without extra effort or delays.
If required, BOI filing is built directly into your formation process. You can also add it to any package with just one convenient click.
Businesses trust BizzHopper because we offer simple forms, a jargon-free process, expert review, and support for both U.S. and international clients throughout their entire journey.
Our platform provides valuable add-ons, including EIN applications, business credit solutions, and compliance-backed documentation—ensuring every client has exactly what’s needed to grow successfully.
Whether you require BOI filing today or want to prepare for the future, BizzHopper makes compliance simple, stress-free, and always ready when opportunity arrives.
If you’re a U.S.-formed LLC or corporation, you may feel off the hook due to the 2025 exemption. But:
Yes — if it’s a foreign entity registered in the U.S., even inactive businesses must file unless officially dissolved.
FinCEN provides exemptions for large U.S.-operating companies (20+ employees, $5M+ in revenue), certain regulated industries, and nonprofits — but foreign companies rarely qualify.
No. BOI is a one-time filing unless ownership or key information changes. Updates must be filed within 30 days of a change.
No. BOI data is stored in a secure FinCEN database and can only be accessed by:
BOIR Deadlines for Foreign Entities Classified as Reporting Companies:
If you’re a foreign company registered in the U.S.
 you must file BOI. If you’re a U.S. business, no BOI filing is required for now — but we’ll keep you updated
If you’re forming through BizzHopper, we handle this for you automatically
Corporate Bylaws are one of the most important legal documents you’ll need to operate properly. Bylaws are the internal rules that govern how your company makes decisions, manages responsibilities, and protects owners from liability.
If you’re forming a corporation—whether C-Corp or S-Corp—Corporate Bylaws are one of the most important legal documents you’ll need to operate properly. Bylaws are the internal rules that govern how your company makes decisions, manages responsibilities, and protects owners from liability.
At BizzHopper, we help founders set up their businesses to be legit, lender-ready, and legally sound—and that includes providing Corporate Bylaws that banks, investors, and regulators respect.
Corporate Bylaws are a formal legal document that outlines the structure, roles, and operational procedures of a corporation. Think of them as the rulebook for how your corporation will run—both day-to-day and in high-level decision-making.
Bylaws are adopted after incorporation and serve to:
Clarify how the corporation is governed
Establish powers and responsibilities of directors, officers, and shareholders
Prevent internal disputes
Support compliance with state corporate laws
Strengthen your legitimacy with banks and investors
In most states, corporations are required to create bylaws—though they typically do not need to be filed with the state.However, you are expected to maintain them in your internal corporate records and produce them upon request by:
Banks
Lenders
Government agencies
Courts (in case of disputes)
If you don’t have bylaws, your corporation may be considered incomplete, making it harder to open a bank account, secure funding, or prove legitimacy in a legal matter.
Bylaws define the “who, what, when, and how” of your business operations. A well-drafted bylaws document will typically include:
This section confirms the legal name of your corporation and its principal business address.
How many directors will serve on the board
How directors are elected or removed
Their terms of service
Their powers and responsibilities
How shareholder meetings are scheduled and conducted
Voting rights and procedures
Proxy voting rules
Quorum requirements for decision-making
Designation of officer roles (e.g., President, Secretary, Treasurer)
Responsibilities and authority of each officer
How officers are appointed or removed
Where records are maintained
How records are accessed
Policies on record-keeping for taxes and reporting
How shares are issued or transferred
Restrictions on selling or assigning shares
Valuation procedures in case of buyouts or disputes
How the corporation protects directors and officers from personal liability
Procedures for handling lawsuits or legal claims
How bylaws can be changed, updated, or amended over time
Most banks and funding institutions will request your bylaws to:
Verify your officers’ authority to open accounts
Understand how decisions are made in your corporation
See who is financially responsible or empowered to act
Without bylaws, you may be denied:
A corporate bank account
Lines of credit
Business credit cards
Government certifications or grants
Bylaws show that your business is structured, serious, and stable—not just on paper but in action.
Corporations are formed to protect personal assets from business liabilities. But without internal documents like bylaws, courts may “pierce the corporate veil”—meaning they treat the corporation and its owners as one and the same.
That could result in:
Personal financial liability for lawsuits or debts
Loss of your limited liability protection
Difficulty defending against legal claims
Having up-to-date, signed bylaws can help prove your corporation is a separate legal entity and is following proper procedures.
If you’re not sure whether you need bylaws or an operating agreement, here’s the breakdown:
| Operating Agreement | Corporate Bylaws |
|---|---|
| Used for LLCs | Used for Corporations (C-Corp, S-Corp) |
| Defines member roles & profits | Defines directors, officers & shares |
| Optional in many states | Typically required |
| Flexible management structure | Formal corporate governance required |
At BizzHopper, we provide the right document based on your entity type—and we guide you through what’s required to stay compliant and funding-ready.
When you form your corporation through us, your bylaws are:
Custom-generated based on your entity type and number of shareholders
Reviewed to ensure key compliance language is included
Delivered digitally for easy download, printing, and future updates
Stored in your BizzHopper dashboard so you never lose them
Whether you’re forming a new C-Corp or electing S-Corp status, we build bylaws into your formation package—so you never have to worry about missing a critical step.
You need bylaws if you:
Are forming a Corporation (C-Corp or S-Corp)
Plan to raise money from investors or lenders
Want to open a corporate bank account
Want to define ownership and officer roles
Want to protect yourself from personal liability
Are applying for government contracts or certifications
Even if you’re a one-person corporation, bylaws are necessary. You’ll need to document board meetings, adopt your bylaws formally, and maintain accurate corporate records for tax and legal purposes.
You risk:
Getting denied for banking or credit
Losing legal protection in the event of a lawsuit
Internal confusion or conflict among directors or shareholders
Falling out of compliance with your state’s corporate laws
More importantly, you may look unprofessional to partners, investors, and lenders. In today’s business environment, governance equals credibility.
Q: Do I need to file bylaws with the state?
No. Bylaws are an internal document. You keep them in your business records and provide them to banks, lenders, or attorneys when needed.
Q: Can I write my own bylaws?
Yes—but doing so without experience can leave out essential protections or language required by your state. Our bylaws are built by legal and compliance professionals for real-world needs.
Q: Do bylaws need to be signed or notarized?
Yes. After adopting your bylaws, they should be signed by your board of directors and added to your official company records. Notarization is optional but adds an extra layer of formality.
Q: How often should bylaws be updated?
You should review and update your bylaws anytime there is:
A change in shareholders or directors
A change in ownership structure
New investments, partnerships, or expansions
Q: Do S-Corps need bylaws too?
Absolutely. S-Corp is a tax election, not a legal structure. If your underlying entity is a corporation, you still need bylaws to define your structure and roles.
âś” Can be included corporation formation process
âś” Designed to meet banking and funding standards
âś” Easy to understand and update
âś” Stored securely in your dashboard
âś” Built for growth, compliance, and protection
When you choose BizzHopper, you’re not just getting paperwork. You’re getting peace of mind, knowing your business is built for long-term success.
Whether you’re forming a new corporation or missing this document from a previous setup, we’ve got you covered.
Click below to get your Corporate Bylaws today—or include them as part of your full formation bundle.
[Get My Corporate Bylaws Now]
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