Important update regarding the BOI reporting deadline!
The BOI reporting deadline under the Corporate Transparency Act has been extended to January 13, 2025 for most companies. Don’t miss this critical compliance requirement—file now to avoid penalties!
On December 23, 2024, a Fifth Circuit panel unexpectedly issued a stay on the nationwide injunction, temporarily reinstating the BOI reporting requirement under the Corporate Transparency Act while the Fifth Circuit reviews the DOJ’s appeal.
In response, FinCEN adjusted the reporting deadlines under the BOI Rule as follows:
- For reporting companies existing before 2024, the deadline was extended from January 1, 2025, to January 13, 2025.
- For companies created or registered on or after September 4, 2024, with filing deadlines between December 3 and December 23, 2024, the deadline was also extended to January 13, 2025.
- Companies created or registered between December 3 and December 23, 2024, were granted an additional 21 days beyond their original filing deadline to comply.
Despite ongoing litigation surrounding the Corporate Transparency Act and BOI reporting requirements, businesses that have yet to file are currently mandated to do so by January 13, 2025.
FOR MORE INFORMATION: https://bit.ly/BOIRNOW
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