Corporate Transparency Act (“CTA”) UPDATE

The beneficial ownership information (BOI) reporting requirements under the CTA are once again back in effect after a court decision on February 18, 2025.

However, according to the attached press release from the Department of the Treasury, it recognizes that reporting companies may need additional time to comply with their BOI reporting obligations, FinCEN is generally extending the deadline 30 calendar days from February 19, 2025, for most companies.

If you have questions or concerns regarding the Corporate Transparency Act and its impact on your company, we are available to address any such questions.

*** The foregoing is provided for informational purposes only and does not represent a full analysis of the matters presented.  The foregoing may not be relied upon as legal advice. ***