Important Update: FinCEN Pauses BOI Reporting Enforcement and Extends Deadlines

On February 27, 2025, FinCEN announced important changes to Beneficial Ownership Information (BOI) reporting enforcement and deadlines, which may impact your compliance requirements under the Corporate Transparency Act.   Key Highlights of the Announcement No Read More

Cassidy Roell

Feb 28, 2025

Important Changes to Beneficial Ownership Information (BOI) Reporting Deadlines

On February 18, 2025, action by the U.S. District Court for the Eastern District of Texas resulted in the reinstatement of the Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act (CTA), making Read More

Sue Schloemer

Feb 21, 2025

Navigating the Corporate Transparency Act: Understanding BOI Reporting and Fines

The Corporate Transparency Act (CTA) was passed in 2021 and created a new mandate for beneficial ownership information (BOI) reporting to the Financial Crimes Enforcement Network (FinCEN) starting in 2024. This legislation aims to combat Read More

Sue Schloemer

Jan 13, 2025

Update: Corporate Transparency Act (BOI Reporting) is On Hold

Updated 12/30/2024 The U.S. Court of Appeals for the Fifth Circuit has reinstated a nationwide injunction that temporarily halts the enforcement of Beneficial Ownership Information (BOI) reporting requirements. This means that reporting companies are not Read More

Cassidy Roell

Dec 27, 2024

Beneficial Ownership Information

Is Your Business Subject to the New BOI Reporting Rules? Due March 21, 2025

Starting January 1, 2024, an anticipated 32.6 million businesses will be required to comply with new beneficial ownership information (BOI) reporting rules under the Corporate Transparency Act (“CTA”). BOI reporting involves the disclosure of information Read More

Cassidy Roell

Dec 06, 2023

Kirsch Swoosh

Frequently Asked Questions

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