Beneficial Ownership Reporting is NO LONGER Required

BREAKING NEWS: Feeling like a ping-pong ball with the back and forth changes to Beneficial Ownership Reporting (BOI)? So are we. However, this may mark the end. On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) issued an interim final rule eliminating the requirement for U.S. companies and people to report BOI to FinCen pursuant to the Corporate Transparency Act (CTA).

What does this mean for you? Beneficial Ownership Information is no longer required. You can read the full interim final rule here.

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