The US Treasury Department has finalised a rule that permanently exempts companies formed in the United States, including LLCs commonly used by aviation operators, from beneficial ownership information reporting under the Corporate Transparency Act. Effective 14 August 2026, the change also narrows filing obligations to foreign entities registered to do business in the US and removes reporting requirements for US persons, including company applicants and beneficial owners.
The update is relevant for business aviation groups that use flight department LLCs, aircraft-holding companies and other domestic structures to manage ownership, financing and operations. Those entities no longer face federal beneficial ownership filings, easing compliance for a wide range of US-formed corporate vehicles across the sector.
Recent coverage in late August confirmed that FinCEN plans to delete previously submitted information on US persons from its database. The policy shift followed the rule’s August rollout and leaves only foreign reporting companies within the scope of the federal regime, while domestic aviation-related entities remain outside it.