The recent decision by the U.S. District Court for the Eastern District of Texas has reinstated the requirement to submit the Beneficial Ownership Information (BOI) Report under the Corporate Transparency Act (CTA). However, the U.S. Department of the Treasury and FinCEN have acknowledged the need to provide businesses with additional time to comply with this regulation.
New BOI Filing Deadline
For most companies required to submit the BOI Report, the new deadline for the initial submission, update, or correction is now March 21, 2025. This extension grants businesses an additional 30 days to meet this requirement without penalties.
Additionally, FinCEN has announced its intention to review the BOI reporting rule to reduce the regulatory burden on U.S. small businesses, representing a positive development for many companies.
How Does This Update Impact Your Business?
If your company is required to file a BOI Report, it is essential to take advantage of this extension to ensure that all information is accurate and up to date. Failure to comply with this requirement may result in penalties.
To help you navigate this process smoothly, ACMM Consulting offers a fast and secure solution for filing your BOI Report without complications. Our team of experts is ready to guide you through each step.
Start Your Process Today!
Don’t wait until the last minute. File your BOI Report with ACMM Consulting and ensure your company remains compliant efficiently and stress-free.
📌 Complete our form and begin your process today:
➡️ BOI Registration Form
At ACMM Consulting, we are committed to providing you with the best guidance for regulatory compliance. If you have any questions or need personalized assistance, contact us, and we will be happy to assist you.
All information provided in this article is for informational and reference purposes only. ACMM Consulting is not responsible for any decisions made by readers without prior consultation with our professionals. Every business situation is unique, and we recommend seeking our advisory services before making important decisions. Contact us via WhatsApp at +1(305) 924 2374 or email info@acmmconsulting.com to explore our personalized consulting plans tailored to your specific needs.
