Following the February 18, 2025, decision by the U.S. District Court for the Eastern District of Texas in Smith, et al. v. U.S. Department of the Treasury, et al., 6:24-cv-00336, the Financial Crimes Enforcement Network (FinCEN) has announced that beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act are back in effect, with ... Read More ›
The Beneficial Ownership Information (BOI) Reporting Requirements continue to evolve as it works its way through various judicial channels. Visit Beneficial Ownership Information Reporting | FinCEN.gov for the most recent updates. With this in mind, we are advising our clients to continue to be prepared to file BOI reports if and when the injunction is ... Read More ›
Updates to Beneficial Ownership Information Reporting Deadlines – Beneficial Ownership Information Reporting Requirements Now in Effect, with Deadline Extensions
In light of a December 23, 2024, federal Court of Appeals decision, reporting companies, except as indicated below, are once again required to file beneficial ownership information with FinCEN. However, because the Department of the Treasury recognizes that ... Read More ›