Business Update: Federal Corporate Transparency Act and BOI reporting

Attention Small Business Owners!

MARCH 2025 UPDATE

Consistent with the U.S. Department of the Treasury’s March 2, 2025 announcement, the Financial Crimes Enforcement Network (FinCEN) is issuing an interim final rulethat removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act.

Learn more on the FinCen website.