BOI Reporting Is No Longer VoluntaryOn February 18, 2025, the U.S. District Court granted FinCEN’s motion to stay the injunction allowing FinCEN to enforce the beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act (CTA). BOI report filing is once again mandatory and FinCEN has set a March 21, 2025 deadline for most companies. For more information, please see FinCEN’s notice. Capitol Services will contact clients who have asked us to hold their BOI report filings to get their approval to proceed. New filings can be submitted on CapitolBCM. We are closely monitoring the situation and will keep you informed of any further updates. |