BOI Reporting: It’s Back (soon?)!

The US Supreme Court removed the stay that the 5th Circuit Court of Appeals had removed (after putting it on) that stayed enforcement of the Corporate Transparency Act that required Beneficial Ownership Information reporting. This means that if you have not yet filed your Beneficial Ownership Information (BOI) report you must do so likely will soon need to.  I suspect that FinCEN will give entities a couple of weeks to comply.

What does this mean? If you have not already filed your BOI report, you must do so now!  should prepare to do so.  You can find more information on BOI reporting at FinCEN’s web page on BOI reporting.

I will update this post with the actual FinCEN deadline for filing (once it’s announced).


I received an email regarding a second nationwide stay on BOI reporting.  Even though the Supreme Court released the stay in McHenry v Texas Top Cop Shop, a second nationwide stay remains in place in a case called Smith v Department of the Treasury.  However, it’s clear that if the US government appeals that stay (to the 5th Circuit), that the stay will be removed.  Of course, we now have the Trump Administration, and it’s unclear what their stand is on BOI reporting.

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