BREAKING NEWS: MARCH 21 DEADLINE FOR EXISTING COMPANY CORPORATE TRANSPARENCY ACT REPORTING

If you have not already satisfied FinCEN’s Corporate Transparency Act filing requirements for your business entity, now is the time.

FinCEN announced today that following a recent US District Court decision, beneficial ownership information reporting (BOIR) requirements under the Corporate Transparency Act are back in effect with a new deadline of March 21, 2025 to file an initial, updated, and/or corrected BOIR report, unless you have a specific extension or exemption.  New companies still have 30 days to file.

More information is available at fincen.gov/boi.

The notice can be found here:  https://www.fincen.gov/sites/default/files/shared/FinCEN-BOI-Notice-Deadline-Extension-508FINAL.pdf

File before March 21 to avoid significant penalties and even potential criminal charges.

This blog is written as of February 2025.  Recommendations and legal requirements are changing rapidly, so please continue to review our legal updates or review postings on relevant government websites.

All blogs on this site are for educational purposes only, do not constitute legal advice or opinion, and should not be applied to your situation, or any specific situation, without consultation with counsel. Strategy Law, LLP does not provide any legal advice concerning any matter discussed in a blog except upon formal engagement including, without limitation, execution of Strategy Law, LLP’s formal legal services agreement, and with respect to specific factual situations.  No blog constitutes a guaranty, warranty, or prediction regarding the result of any legal matter discussed in the blog or any representation.