CTA/FinCEN BOI Reporting Information for Businesses

**12/27/2024 UPDATE** In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force. However, reporting companies may continue to voluntarily submit beneficial ownership information reports. 

On December 26, 2024, a different panel of the U.S. Court of Appeals for the Fifth Circuit issued an order vacating the Court’s December 23, 2024 order granting a stay of the preliminary injunction. Accordingly, as of December 26, 2024, the injunction issued by the district court in Texas Top Cop Shop, Inc. v. Garland is in effect and reporting companies are not currently required to file beneficial ownership information with FinCEN.

**12/23/2024 UPDATE**  On December 23, 2024, the U.S. Court of Appeals for the Fifth Circuit reinstated the reporting requirement for businesses operating in the U.S., (overriding the previous temporary injunction against its enforcement issued by the lower court on December 3, 2024). If applicable to you, please ensure your business is in compliance by the required reporting deadline dates, which FinCEN has extended in some instances.

Please see below for the statement from FinCEN regarding the extended reporting deadline dates. To file, go to https://boiefiling.fincen.gov. You may also reference the memo below for guidance on filing. 

I am also attaching some helpful links here:
CTA/FinCEN/BOI Resource Links:

1. Main FinCEN BOI Page: https://www.fincen.gov/boi
2. FinCEN BOI FAQ Page: https://www.fincen.gov/boi-faqs
3. FinCEN BOI Filing Page: https://boiefiling.fincen.gov/
4. FinCEN Small Entity Compliance Guide: https://www.fincen.gov/boi/small-entity-compliance-guide
5. FinCEN Video Demo - How to File a BOI Report: https://www.youtube.com/watch?v=GydCvfbKxPw&t=1s