Susanna Bagdasarova and Kate Cooper Co-Author Firm Alert
In their recent alert BOI is Back: Corporate Transparency Act Reporting Requirements Reinstated with Chris Farmakis and Dane Fennell, Susanna Bagdasarova and Kate Cooper discuss the recent developments for the reporting requirements under the Corporate Transparency Act. FinCEN has announced a 30-day deadline extension for reporting companies. The new deadline for the majority of reporting companies to file an initial, updated, and/or corrected BOI report is March 21, 2025. FinCEN has also indicated that it will assess the need for further modifications to the reporting deadlines during this 30-day extension period, with a focus on lower-risk entities. Babst Calland will continue to monitor regulatory and judicial updates. To view the full alert, click here.