Limited Liability Partnership Cheat Sheet
Updated 02/27/2026
A cheat sheet to assist in opening new accounts for LLPs.
Rule: 31 CFR 1020.220, 31 CFR 1010.230
Toolkit: New Accounts Commercial
Keywords: Limited Liability Partnership, LLP Accounts, CIP, BOI Reporting
2/27/2026 – Revised to reflect FinCEN Exceptive Relief (FIN-2026-R001), issued February 13, 2026, and updated Corporate Transparency Act guidance regarding exemption of U.S.-created entities from BOI reporting and revised reporting requirements for certain foreign entities.
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