Final Injunction Lifted
New Filing Deadline March 21, 2025
Dossey & Jones and Venture Vault Friends:
On February 18th, the final remaining injunction against the CTA was lifted by the U.S. District Court for the Eastern District of Texas. FinCEN announced today that March 21, 2025 is the new reporting deadline for the BOI reporting requirements for existing entities (LLCs, LPs, Corporations). New entities must file the reports within 30 days of formation. The CTA imposes significant civil and criminal penalties for noncompliance ($606 per day, up to $10,000). We are highly encouraging our clients to go ahead and file the reports so that they don’t have to worry about this in the future.
We have spent over 18 months developing our knowledge, processes, and systems to help clients file these reports correctly, quickly, and efficiently. Please let us know how we can help.
Jim Dossey