U.S. BOI Filing Resumes Following Court Ruling

On February 18, 2025, the U.S. District Court for the Eastern District of Texas granted the Financial Crimes Enforcement Network (FinCEN) a stay on the nationwide injunction that previously halted enforcement. This means that the Corporate Transparency Act (CTA) remains in effect, and Beneficial Ownership Information (BOI) reporting is once again mandatory. Employers must ensure timely submission to maintain compliance.

Filing Deadlines

• Existing Companies: Must submit their initial, updated, or corrected BOI report by March 21, 2025.

• Companies Formed or Registered on or After February 18, 2025: Must file within 30 days of formation or registration.

• Companies Granted Extensions Due to Disaster Relief: Must adhere to their previously approved extension deadlines.

Does Your Business Need to File?

Most businesses are required to file a BOI report; failure to do so may result in penalties or legal consequences. However, certain entities qualify for exemptions based on their registration type, operational status, and regulatory requirements.

The ILS legal team can help you assess your company’s obligations, ensure compliance, and mitigate potential risks. Contact us at contact@consultils.com today for expert guidance.

About ILS

Innovative Legal Services, P.C. (ILS) is a premier boutique law firm specializing in dispute resolution, corporate compliance, and business immigration, with offices in Los Angeles and Silicon Valley. Our expertise spans employment law, commercial litigation, regulatory compliance, cross-border business expansion, and mergers & acquisitions. We are trusted advisors to Fortune 500 companies, leading Chinese enterprises, and high-growth technology firms, providing strategic legal solutions tailored to their complex business needs.

Disclaimer: The materials provided on this website are for general informational purposes only and do not, and are not intended to, constitute legal advice. You should not act or refrain from acting based on any information provided here. Please consult with your own legal counsel regarding your specific situation and legal questions.