As of December 2024, the BOI (Beneficial Ownership Information) filing mandate is currently on hold nationwide due to a court injunction blocking enforcement of the Corporate Transparency Act (CTA), meaning businesses are not legally required to file BOI reports until further court order; the January 1, 2025 deadline is currently not in effect.
Key points about the current status:
- Court injunction: A federal court has issued a nationwide injunction preventing the enforcement of the BOI reporting requirements.
- No filing required: Businesses currently do not need to file BOI reports due to the court order.
- Potential appeals: The government is expected to appeal the court decision.
The current filing requirements in question were as follows:
Companies created in 2024 have 90 days from their creation date to file BOI reports, while the deadline for companies created before 2024 is Jan. 1, 2025. Companies founded or registered on or after Jan. 1, 2025, must submit a BOI report within 30 calendar days of registration.
We will provide more information as it becomes available.
