The deadline for most reporting companies to file their Beneficial Ownership Information (BOI) reports has been extended to January 13, 2025.
Understanding the BOI Reporting Deadline
The Financial Crimes Enforcement Network (FinCEN) recently extended the deadline for the majority of reporting companies to submit their Beneficial Ownership Information (BOI) reports. This crucial extension was announced shortly after a significant court ruling reinstated the reporting requirement, providing eligible companies with additional time to comply.
| Category of Company | Deadline for BOI Report |
|---|---|
| Most Reporting Companies | January 13, 2025 |
Key Details Regarding the Extension
- Context of the Extension: The extension of the deadline to January 13, 2025, was a direct action taken by FinCEN following a court decision that reinstated the beneficial ownership reporting obligations. This provides a specific and clarified date for companies impacted by the ruling.
- Who This Affects: This extended deadline specifically applies to most reporting companies. These are generally entities that are already in existence and subject to the reporting requirements.
- Importance of Compliance: All companies subject to the Corporate Transparency Act (CTA) are strongly encouraged to understand their reporting obligations and prepare their filings well in advance of the new deadline to ensure timely compliance.
