The deadline to submit your Beneficial Ownership Information (BOI) report has been extended from January 1, 2025, to January 13, 2025. This update provides businesses a critical 12-day extension to comply with the Corporate Transparency Act (CTA) filing requirements. If you haven’t filed yet, now is the time to act.

What Changed?

Initially, a nationwide injunction temporarily blocked the enforcement of the BOI reporting requirements. However, a December 23 ruling by the Fifth Circuit Court of Appeals reversed this decision, reinstating the requirement for businesses to comply with the CTA. In response, the Financial Crimes Enforcement Network (FinCEN) granted an extension to accommodate the confusion caused by the injunction.

Key Deadlines

Here are the updated deadlines for BOI report filings based on your company’s registration date:

1. Before January 1, 2024:
   You now have until January 13, 2025, to file your initial BOI report.
2. Between September 4, 2024, and December 23, 2024:
   If your original filing deadline fell during this period, you have until January 13, 2025, to submit your report.
3. Between December 3, 2024, and December 23, 2024:
   An additional 21 days from your original deadline is granted.
4. Starting January 1, 2025:
   Newly registered companies have 30 days from their effective registration date to file their BOI report.
5. Disaster Relief Extensions:
   Companies qualifying for disaster relief may have extended deadlines that could fall beyond January 13, 2025.

Why This Matters

The BOI reporting requirements are part of the Corporate Transparency Act, designed to combat financial crimes like money laundering and tax fraud by increasing transparency in business ownership structures. Non-compliance could lead to significant penalties, so it’s crucial to meet your deadline.

File Your BOI Report Easily

At BOIComp.com, we make the filing process stress-free. For a one-time fee of $175, our platform helps you complete and submit your BOI report quickly and securely. With the deadline fast approaching, there’s no better time to ensure compliance.

Don’t wait—start your filing today to avoid last-minute complications. Visit BOIComp.com to get started.

Stay compliant. Stay worry-free.

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