Important CTA Update

On February 27, 2025, FinCEN announced that companies won’t face fines or penalties if they miss the current deadlines for filing their beneficial ownership information (BOI) reports—March 21, 2025, for most businesses. FinCEN also plans to issue an interim final rule by March 21, 2025, to extend BOI reporting deadlines. Further, FinCEN intends to seek public input on potential changes to existing BOI reporting requirements.