Guidance Document - Updated February 19th, 2025

BOI Reporting Deadlines: Key Dates for Compliance

The Corporate Transparency Act (CTA) sets important deadlines for submitting Beneficial Ownership Information (BOI) reports to the Financial Crimes Enforcement Network (FinCEN). Following recent legal developments, most reporting companies are once again required to file their BOI reports. However, certain extensions and exceptions now apply, especially for those affected by the prior preliminary injunction. This article provides an overview of these reporting deadlines and tips for staying compliant in light of the latest changes.

For information on the consequences of missing these deadlines (including possible fines), see our article on BOI Reporting Violations: Fines and Penalties.

Recent Developments and Extended Deadlines

On February 18, 2025, the U.S. District Court for the Eastern District of Texas stayed its previous order that had halted CTA enforcement. As a result, most reporting companies are again obligated to file BOI reports with FinCEN. Recognizing the need for additional time to comply, FinCEN has extended the reporting deadline by 30 days:

  • New Deadline for Most Companies: March 21, 2025. This applies to initial, updated, and corrected BOI reports.
  • Companies with Disaster Relief Extensions: Companies that previously qualified for disaster relief extensions should follow their later deadline, not the March 21, 2025 deadline.
  • Exemptions for Certain Plaintiffs: Plaintiffs in National Small Business United v. Yellen, including Isaac Winkles, reporting companies for which Isaac Winkles is the beneficial owner or applicant, the National Small Business Association, and its members (as of March 1, 2024), are not currently required to report their beneficial ownership information.

FinCEN is also assessing options to further modify deadlines and intends to revise the BOI reporting rule to reduce the burden on lower-risk entities, including many U.S. small businesses.

Companies Formed Before January 1, 2024

Under the revised timeline, companies formed prior to January 1, 2024 now have until March 21, 2025 to file their Beneficial Ownership Information (BOI) reports. The extension aims to give these entities extra time to gather ownership data and ensure an accurate, on-time filing.

  • Required Information: Full names, addresses, dates of birth, and identification numbers (EIN, SSN, or TIN) for each beneficial owner.
  • BOIR E-FILE System: Use our online E-File System for submitting BOI reports. For detailed steps, refer to our guide on The BOIR Filing Process: A Complete Guide for 2025.

Companies Formed On or After January 1, 2024

For companies created on or after January 1, 2024, the deadline for filing BOI reports is now March 21, 2025. This applies to entities that were previously required to file by earlier dates.

  • Entities Formed On or After January 1, 2025: These companies must file their BOI reports within 30 days of receiving either public or actual notice of effectiveness.

Ongoing Reporting Obligations

Any changes in a company’s beneficial ownership must be reported to FinCEN within 30 days of the change. These updates ensure that FinCEN’s records accurately reflect ownership structures.

  • Compliance Importance: Promptly update ownership records to avoid fines and remain compliant.
  • Continuous Monitoring: Ensure accurate and up-to-date information by establishing a compliance process for ongoing reporting obligations.

Ready to Start Your BOIR Filing?

If you’re unsure whether your company must file soon—or how the recent legal changes apply—our BOIR E-File System can help you stay organized and compliant. Timely action ensures you meet the latest extended deadlines.

Conclusion

With the court's stay now in effect, most companies must again file BOI reports, though FinCEN has extended the deadline to March 21, 2025. Mark this updated date on your compliance calendar and be prepared to file or update your ownership information as needed. For a comprehensive overview of the consequences of non-compliance, review our article on BOI Reporting Violations: Fines and Penalties.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal, financial, or compliance advice. BOIRegistration makes every effort to ensure the accuracy of the information presented, but we do not guarantee its completeness or applicability to every situation. The Corporate Transparency Act (CTA) and FinCEN regulations are currently subject to ongoing legal proceedings and may change. If you are uncertain about your obligations, consult a qualified professional or seek official FinCEN guidance.