New Beneficial Ownership Interest Reporting Deadline to File

On February 18, 2025, the U.S. District Court for the Eastern District of Texas lifted the nationwide injunction that had previously halted the enforcement of the Corporate Transparency Act's (CTA) Beneficial Ownership Information (BOI) reporting requirements.

In response, the Financial Crimes Enforcement Network (FinCEN) announced that the deadline for most reporting companies to file their initial, updated, or corrected BOI reports is now March 21, 2025.

Reporting companies that had been granted a later deadline due to specific circumstances, such as disaster relief extensions, should adhere to their original deadlines. 

During this 30-day period, FinCEN plans to assess options to further modify deadlines, prioritizing reporting for entities posing significant national security risks. Additionally, FinCEN intends to initiate a process to revise the BOI reporting rule to reduce the burden on lower-risk entities, including many U.S. small businesses. 

Reporting companies can submit their BOI reports directly to FinCEN using the E-Filing system available at https://boiefiling.fincen.gov. More information is available at https://fincen.gov/boi.