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2025

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    BOI reporting requirements under the Corporate Transparency Act are now mandatory following a court ruling. Businesses must file by March 21, 2025, or risk penalties. Stay updated on compliance deadlines....
    After months of legal uncertainty, the Corporate Transparency Act (CTA) Beneficial Ownership Information (BOI) reporting requirements are back. On February 19, 2025, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) confirmed that businesses must comply with BOI reporting after a Texas district court lifted the nationwide injunction that had blocked enforcement. To ease the transition, FinCEN has extended the filing deadline to March 21, 2025, giving businesses time to meet their compliance obligations. However, with new legal challenges looming and Congress debating further delays, businesses cannot afford to wait and must prepare to file or risk significant penalties.
    After months of legal uncertainty, the Corporate Transparency Act (CTA) Beneficial Ownership Information (BOI) reporting requirements are back. On February 19, 2025, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) confirmed that businesses must comply with BOI reporting after a Texas district court lifted the nationwide injunction that had blocked enforcement. To ease the transition, FinCEN has extended the filing deadline to March 21, 2025, giving businesses time to meet their compliance obligations. However, with new legal challenges looming and Congress debating further delays, businesses cannot afford to wait and must prepare to file or risk significant penalties.
    BOI reporting requirements under the Corporate Transparency Act are now mandatory following a court ruling. Businesses must file by March 21, 2025, or risk penalties. Stay updated on compliance deadlines....