The deadline for filing Beneficial Ownership Information (BOI) reports with the Financial Crimes Enforcement Network (FinCEN) is fast approaching. Most companies must submit their BOI reports by March 21, 2025. This requirement, part of the Corporate Transparency Act, aims to enhance transparency and combat financial crimes.

Recent court decisions have reinstated the BOI reporting requirements, lifting previous injunctions. While FinCEN is considering further deadline modifications, it's crucial to act now to ensure compliance and avoid potential penalties.

Filing a BOI report involves disclosing information about individuals who own or control 25% or more of a company. This includes names, addresses, dates of birth, and identifying numbers. Non-compliance can result in significant fines and legal issues.

Navigating these requirements can be complex, but Foley and Foley Law Office is here to help. Our experienced team can guide you through the filing process, ensuring that your report is accurate and submitted on time. We understand the intricacies of BOI reporting and can provide the support you need to stay compliant.

Don't wait until the last minute. Contact Foley and Foley Law Office today to get started on your BOI report. Our experts are ready to assist you, ensuring a smooth and hassle-free filing process. Act quickly to meet the March 21 deadline and safeguard your business interests.