Business Alert: BOI Report Requirements Reinstated

Business Alert: BOI Report Requirements Reinstated

The Fifth Circuit Court of Appeals, in a decision on Monday, December 23, granted a stay of the preliminary nationwide injunction issued earlier this month by a federal district court in Texas. This decision reactivates the requirement for filing beneficial ownership information with FinCEN.

 

In light of the effects of the injunction and the ongoing uncertainty surrounding the CTA, the Department of the Treasury has extended the reporting deadlines.

 

Most reporting companies are now required to file by January 13, 2025.

 

Please do not hesitate to contact us with any inquiries or concerns. We will diligently monitor developments related to the CTA and provide updates as new information becomes available