BOI Compliance Deadline Reinstated

Regarding the Corporate Transparency Act (CTA) and Beneficial Ownership Information (BOI) report filing, earlier this month, a preliminary injunction temporarily delayed the January 1, 2025, compliance deadline for BOI reporting. However, the U.S. Court of Appeals for the Fifth Circuit has now reinstated the original deadline.

This means that the Corporate Transparency Act (CTA) is once again enforceable. The reporting deadline is January 1, 2025.

While the legal landscape continues to shift, we recommend that companies report as soon as possible to ensure their filings are in by the deadline.

Businesses may also file directly at www.fincen.gov/boi.

We are closely monitoring these developments and will continue to provide updates and resources as they become available.