BOI Reporting Requirements Back in Effect

As of February 18, 2025, the mandatory Beneficial Ownership Information (BOI) Reporting requirements under the Corporate Transparency Act (CTA) are  effective again following the order by the U.S. District Court for the Eastern  District of Texas staying the last remaining nationwide preliminary injunction.

In an alert released by FinCEN on February 19, 2025, the new filing deadline for the vast majority of reporting companies will be March 21, 2025, implementing a  30-day extension to allow filers enough time to comply with the BOI Reporting  obligations. During this 30-day period, FinCEN will assess options to further  modify deadlines, including possible Congressional action to change the filing  deadline to January 1, 2026.

If you have any questions or concerns, please feel free to reach out to one of our  professionals.

Santora CPA Group
Call us 302-737-6200