Corporate Transparency Act RollerCoaster: Do I Need to File a BOIR?
February 20, 2025 by admin@glazerlaw
Since December 2024, a number of Federal courts in the United States have paused, re-imposed, paused again, and then finally cleared FinCEN to enforce the Beneficial Ownership Report filing requirements for most privately owned small and mid-sized businesses in the US.
As of the date of this post, FinCEN has set a date of March 21, 2025 as the date which all businesses created on or before February 21, 2025 must file their Beneficial Ownership Information Report (BOIR).
All entities required to file a BOIR are encouraged to seek professional advice to determine which individuals identities must be included in the disclosure. If you have a entity in the District of Columbia, Texas or Virginia, and you have questions about your obligations under the Corporate Transparency Act, contact Peter Glazer.