Corporate Transparency Act: Important Updates and What It Means for Your BOI Reporting
The Corporate Transparency Act (CTA) is back, and so are its Beneficial Ownership Information (BOI) reporting requirements. After the U.S. District Court for the Eastern District of Texas lifted the nationwide injunction on February 18, 2025, FinCEN is moving forward with enforcement. This means businesses (including certain family-owned entities) need to take action to stay compliant. Are you ready for the upcoming deadlines?