BOI Reporting Update: Mandatory Filing Required Within 30 Days

The BOI reporting saga continues—businesses are once again required to file Beneficial Ownership Information (BOI) reports. The U.S. District Court in Texas has granted a stay against the nationwide injunction that previously halted mandatory BOI filings under the Corporate Transparency Act. This means that filing is now back on the table, and compliance is no longer optional.

FinCEN has stated that the deadline for filing BOI reports is March 21, 2025. Businesses that have yet to file should start preparing now to avoid last-minute scrambles. 

Failing to file can lead to substantial penalties for both companies and their beneficial owners. Understanding what needs to be reported and who qualifies as a beneficial owner under the Corporate Transparency Act is critical. With the deadline approaching fast, Squire’s team is here to help ensure you meet your filing requirements on time.

Don’t wait—contact us today or visit Squire BOI Reporting Services to get started.