U.S. Aircraft LLCs Get Relief From Federal Reporting Requirements

Financial Crimes Enforcement Network’s final rule narrows scope of covered entities.

Jack Daleo

Tuesday, September 01, 2026 at 09:00 AM ET

Verified

Edited By:

Travis Tingle

Treasury narrows the scope of aircraft ownership entities required to report beneficial ownership information. [Credit: Adobe Stock]

Key Takeaways:

A new FinCEN rule, effective August 14, exempts domestic aircraft LLCs and other U.S. entities from beneficial ownership reporting requirements under the 2021 Corporate Transparency Act (CTA).
This rule narrows the scope of the CTA and means U.S.-formed entities no longer need to share information about their beneficial owners.
FinCEN will remove any previously reported beneficial ownership information relating to U.S. individuals from its database.
Foreign pooled investment vehicles registered in the U.S. are also exempted from reporting information on U.S. persons in control, though foreign entities generally still report for foreign beneficial owners.

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A new rule finalized this month by the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) grants relief to domestic aircraft LLCs that were previously required to report beneficial ownership information to the federal government.

The rule, which took effect August 14, “clarifies and slightly narrows the scope of companies required to report beneficial ownership information” under the 2021 Corporate Transparency Act (CTA), the National Business Aviation Association (NBAA) said August 25.