The nationwide injunction prohibiting enforcement of the Corporate Transparency Act (CTA) has been stayed; meaning, FinCEN will resume enforcement of the required beneficial ownership information (BOI) filings. Simply put, the CTA filing requirements are reinstated. FinCEN has issued a notice that reset the filing deadline for most companies to March 21, 2025.

Each required entity must file a report containing the following information about the company:

  • Entity’s full legal name
  • Trade names
  • A complete current address
  • The jurisdiction it was formed in or jurisdiction in which a foreign company first registers
  • Internal Revenue Service Taxpayer Identification Number and Employer Identification Number
  • Information about each beneficial owner of the company, including this about each person:
    • Full legal name
    • Date of birth
    • Current business or residential address
    • A unique identifying number from an acceptable identification document (i.e., passport, driver’s license, etc.)

If anything changes again, we will let you know. But, for now, the deadline for small business filings under the CTA is March 21, 2025.