02/19/2025
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Important BOI Reporting Update
New BOI Filing Deadline: March 21, 2025
The last nationwide block on enforcing the Corporate Transparency Act (CTA) has been lifted, meaning beneficial ownership information (BOI) reporting is now required.
*FinCEN has extended the BOI filing deadline by 30 days to give businesses more time to comply.
*The new deadline is March 21, 2025, unless a later date applies due to a federally declared disaster area.
*The U.S. House voted 408-0 to postpone the deadline to Jan. 1, 2026, but the Senate still needs to approve this.
*A key court case on April 1 may impact further CTA enforcement.
With ongoing developments, it’s critical to stay informed. We’re monitoring the situation closely and will keep you updated.