A recent decision by a Texas District Court has lifted the remaining block against Beneficial Ownership Information reporting and once again established the required filing under the Corporate Transparency Act. An extended deadline has been set to allow reporting companies time to comply; if not already filed, the new deadline to do so is March 21st, 2025.

If you have 25%+ interest in a business or are in a position of substantial control (such as a senior officer, authorized decision maker, or employee with appointment/removal authority), you must file a BOI report. If your business is located in a Federally declared disaster area, your deadline may be further extended. As a reminder, these filings are considered legal documentation and not prepared by our firm.

Please contact your legal counsel for assistance with filing or any further advice. More information can be found on the FinCEN website.