Updated February 26, 2025
Beneficial Ownership Information (“BOI”) reporting under the Corporate Transparency Act (the “CTA”) is again required.
On February 17, 2025, a Texas judge in the Smith v. US Department of Treasury case issued an order staying its previous injunction, resulting in a resumption of reporting requirements. Businesses required to report, or to update a previous report, must do so by March 21, 2025, or such later date that reporting would otherwise be due (for example, extended reporting in certain disaster areas).
For more information about the court order and updated reporting deadlines, you can find the news bulletin released by the US Treasury Financial Crimes and Enforcement Network (“FinCEN”) here.
BOI reports can be filed with FinCEN at https://www.fincen.gov/boi, or we can connect you with a third-party service provider to provide further assistance.