Feb 19, 2025 · Beneficial ownership information reporting requirements are now back in effect, with a new deadline of March 21, 2025, for most companies. Prior to March 21, 2025, FinCEN will assess its options for further modifying deadlines. For more information, see our website https://fincen.gov/boi.

Certain types of corporations, limited liability companies, and other similar entities created in or registered to do business in the United States must report information about their beneficial owners—the persons who ultimately own or control the company—to FinCEN as of Jan. 1, 2024.

3 days ago · WASHINGTON––Consistent with the U.S. Department of the Treasury’s March 2, 2025 announcement, the Financial Crimes Enforcement Network (FinCEN) is issuing an interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act.. In that interim final rule, FinCEN revises the ...

Jan 1, 2024 · Companies that are required to comply (“reporting companies”) must file their initial reports by the following deadlines: Existing companies: Reporting companies created or registered to do business in the United States before January 1, …

Feb 27, 2025 · WASHINGTON––Today, FinCEN announced that it will not issue any fines or penalties or take any other enforcement actions against any companies based on any failure to file or update beneficial ownership information (BOI) reports pursuant to the Corporate Transparency Act by the current deadlines. No fines or penalties will be issued, and no enforcement actions will be taken, until a ...

FinCEN will begin accepting BOIRs electronically through its secure filing system January 1, 2024. FinCEN will not accept BOIRs prior to January 1, 2024. If a reporting company already exists as of January 1, 2024, it must file its initial BOIR by January 1, 2025.

Mar 3, 2025 · The Treasury Department is announcing today that, with respect to the Corporate Transparency Act, not only will it not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing regulatory deadlines, but it will further not enforce any penalties or fines against U.S. citizens or domestic reporting companies or their beneficial owners ...

Mar 3, 2025 · On February 27, 2025, the Financial Crimes Enforcement Network (“FinCEN”) announced the immediate suspension of the current March 21, 2025 reporting deadline for the Corporate Transparency Act’s (“CTA”) Beneficial Ownership Information (“BOI”) …

Feb 27, 2025 · The BOI reporting rule, issued under the Corporate Transparency Act, requires most business entities to report information about their beneficial owners—generally individuals who own or control at least 25% of a reporting company or exercise substantial control over it.

Mar 3, 2025 · Enacted via the Corporate Transparency Act in 2021 to fight illicit finance and shell company formation, BOI reporting requires small businesses to identify who directly or …