BOI Reporting requirements are back.

With the February 18, 2025, decision by the U.S. District Court for the Eastern District of Texas in Smith, et al. v. U.S. Department of the Treasury, et al., 6:24-cv-00336 (E.D. Tex.), beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act (CTA) are once again back in effect.

For the vast majority of reporting companies, the new deadline to file an initial, updated, and / or corrected BOI report is now March 21, 2025. FinCEN will provide an update before then of any further modification of this deadline, recognizing that reporting companies may need additional time to comply with their BOI reporting obligations once this update is provided.

Despite ongoing federal legislation, litigation and the possibility of an appeal to the Supreme Court, we encourage those required to file to begin preparing reports now and file by the new deadline.

Please find information related to BOI at https://boiefiling.fincen.gov/.