Corporate Transparency Act ("CTA") Reporting Required With Extended Deadline

All non-exempt entities that would have previously had filings due are required to complete their filings by March 21, 2025.

The Corporate Transparency Act's beneficial ownership information (BOI) reporting requirements are once again back in effect following a February 18, 2025 court decision. The deadlines for filing initial, updated, and/or corrected BOI reports are currently as follows:

• For most non-exempt entities, the new filing deadline is March 21, 2025, which is 30 calendar days from February 19, 2025.
• Reporting entities that were previously given a reporting deadline later than the March 21, 2025 deadline must file their initial BOI report by that later deadline. For example, if an entity's reporting deadline is in April 2025 because it qualifies for certain disaster relief extensions, it should follow the April deadline, not the March deadline.