Client Alert: Corporate Transparency Act Update: CTA Enforcement Resumes with New Deadlines
Business owners, the Corporate Transparency Act (CTA) reporting requirements are back in effect, with new deadlines for compliance.
A US District Court has lifted the nationwide injunction that previously halted CTA enforcement. As a result, businesses must once again meet the CTA’s reporting requirements for Beneficial Ownership Information (BOI).
The new filing deadline for most businesses to submit their BOI reports is March 21, 2025. Companies formed on or after February 18, 2025, must file within 30 days of creation. Business owners should ensure they file their reports with FinCEN by the applicable deadline.
Accordingly, we have resumed our BOI report filing service for clients. If you previously provided us with your company’s BOI information, we will reach out if any additional details are needed to complete your submission on time.
If you have not provided your information, we will assume you are handling your filing independently.
For more information, please contact the CTA Compliance Team at ctacompliance@cairncross.com.