What does the Lovie plan include?

Formation is $29 one-time and includes your LLC or C-Corp prepared and submitted, post-incorporation documents (bylaws, operating agreement, stock purchase agreement and more), AI-guided formation, a real-time dashboard, and priority support. Registered agent service with digital mail scan & forwarding is priced separately at $79/year ($49/year in Wyoming). State filing fees are billed separately and paid directly to your state.

Can I really form a company from my IDE?

Yes. Lovie is a Model Context Protocol (MCP) tool — it connects to Claude Code, Cursor, Manus, Replit, or any MCP-compatible editor. You type natural-language commands, answer a few questions, and your LLC or C-Corp is filed. You can also use our open-source CLI: npx create-llc.

How does billing work?

Formation is a one-time $29 charge — no subscription. Registered agent service is billed annually at $79/year ($49/year in Wyoming) and is priced separately. State filing fees are billed separately and paid directly to your state.

Can I trust AI with company formation?

Lovie uses state-verified legal templates — the same standard forms used by traditional filing services. AI handles data entry, validation, and workflow automation — not legal judgment calls. You review and approve every document before submission.

What is the LLC-to-C-Corp conversion?

You launch lean as an LLC, then convert to a Delaware C-Corp when raising VC. LLC-to-C-Corp conversion through Lovie is coming soon.

How long does state processing take?

Delaware typically processes within 1-3 business days. Wyoming often processes same-day. Lovie submits your filing as soon as you approve it — we add zero delays on our end.

No. We automate company formation filings as a technology platform. We handle filings — not legal counsel. Consult a licensed attorney for personalized legal advice.

Current FinCEN Rule

BOI Reporting for Foreign-Owned US LLCs After the 2026 Rule

BOI reporting for U.S.-formed companies changed under FinCEN's final rule effective August 14, 2026, which exempts companies created in the United States. A U.S.-formed LLC remains a domestic company for this rule even when every owner lives abroad. A foreign-law entity registered to do business in a U.S. jurisdiction is a different category.

Key entity facts

Effective date: August 14, 2026
U.S.-created company: Exempt from federal BOI reporting
Covered foreign entity: May report if formed abroad and registered to do business in a U.S. jurisdiction
Separate controls: Bank KYC, tax filings, and state records still apply independently

Does a foreign-owned US LLC still file a BOI report?

A U.S.-formed LLC is exempt from federal BOI reporting under FinCEN's final rule effective August 14, 2026, even when owned by a non-U.S. founder. A foreign-law entity registered to do business in a U.S. jurisdiction may still qualify as a reporting company and report covered non-U.S. individuals.

Classify the entity by where it was legally formed, not by the founder's citizenship or residence.
Do not confuse FinCEN BOI relief with IRS Form 5472, state filings, or bank identity checks.
Recheck FinCEN's current BOI page before acting because federal reporting rules can change.

Domestic ownership and foreign registration are different tests

An LLC formed under Delaware, Wyoming, or another U.S. jurisdiction is a U.S. company for the revised BOI rule. Its foreign ownership does not convert it into a foreign reporting company. Under the August 2026 final rule, U.S. companies and their beneficial owners no longer file federal BOI reports.

A company formed under another country's law that later registers to do business in a U.S. state may fall within the narrowed reporting-company definition if no exemption applies. Covered foreign reporting companies report qualifying non-U.S. beneficial owners; U.S. persons are excluded under the revised rule.

What the BOI exemption does not remove

BOI reporting is separate from tax, state, and financial-institution obligations. A foreign-owned U.S. disregarded entity may still have an IRS information-return duty. States still maintain formation and registered-agent records, and banks continue identity and customer-due-diligence checks.

Keep ownership records current even when no BOI report is due. Lovie can maintain the entity's formation record and compliance milestones, while founders and advisers verify tax returns, licenses, foreign qualifications, and institution-specific KYC separately.

Federal tax information returns remain governed by IRS rules.
State annual reports, franchise taxes, and registered-agent duties remain state-specific.
Banks can request beneficial-owner information under their own legal and risk obligations.

Use the current FinCEN source before filing

FinCEN warns that older guidance can be outdated and directs users to the final rule and current BOI page. Verify the entity's country of formation, U.S. registration date, owner status, and exemptions against the latest official material before submitting or withholding a report.

Founder questions

Does a non-US owner make a Delaware LLC a foreign company?

No. For the BOI reporting-company definition, the entity's jurisdiction of formation controls. A Delaware LLC is created in the United States even when its owners live abroad.

Does BOI exemption remove Form 5472?

No. BOI is a FinCEN reporting regime. Form 5472 is an IRS information return with separate definitions, triggers, deadlines, and penalties.

Do banks still ask for beneficial-owner information?

Yes, financial institutions may still identify and verify owners and controllers under customer-due-diligence and institution-specific risk procedures, independently of FinCEN BOI filing status.

Primary sources

Lovie is not a law firm, accounting firm, bank, or tax adviser. This material is general information and does not replace advice for your facts or an institution's current application policy.