Most small businesses required to file beneficial ownership information (BOI) reports now have until March 21 to comply, following a federal district court's decision to lift the last nationwide injunction that had paused these filings, according to the Financial Crimes Enforcement Network (FinCEN).
The court order, issued Monday in Samantha Smith and Robert Means v. U.S. Department of the Treasury, No. 6:24-CV-336 (E.D. Texas 1/7/25), granted the Department of Justice's (DOJ) request to stay the nationwide injunction.
FinCEN, which oversees BOI reporting under the Corporate Transparency Act (CTA), P.L. 116-283, confirmed the extended deadline applies to initial, updated, and corrected BOI reports. Read more here.