Under the Corporate Transparency Act, reporting companies have to file their initial Beneficial Ownership Information reports.
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Important Note: As of March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) issued an interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act. This means the Beneficial Ownership Information Report is no longer required.
In 2025, businesses face newer requirements for reporting deadlines under the Corporate Transparency Act (CTA). These deadlines, often called Corporate Transparency Act deadlines, are vital for businesses that must report their beneficial ownership information (BOI). So, understanding the requirements and deadlines for filing BOI reports is crucial.
The Corporate Transparency Act, introduced to enhance transparency, requires certain businesses to disclose information about their beneficial owners, meaning anyone who owns or controls a company. The CTA was enacted to help deter illegal financial activity and improve the transparency of smaller businesses that would otherwise slip by unnoticed. To stay compliant with the act, businesses must meet set filing deadlines, a top priority in 2025.
Not all businesses are subject to CTA compliance. Generally, corporations, limited liability companies (LLCs), and similar entities must file BOI reports, but there are exemptions. Large companies, public companies, and regulated entities (like banks and financial institutions) may be exempt entities.
For businesses required to comply, meeting CTA deadlines helps them stay in line with government regulations and avoid financial or legal repercussions.
Understanding the key deadlines in 2025 is essential for new and existing businesses created or registered with a Secretary of State or similar office to meet CTA compliance requirements. Here’s what businesses need to know about CTA filing deadlines.
Missing a BOI filing deadline to report beneficial ownership information can lead to compliance issues. Businesses should mark their calendars and establish reminders for reporting deadlines, as they can vary annually.
The BOI filing requirement went into effect on January 1, 2024. Businesses that were created before that date originally had until January 1, 2025, to file. Businesses created during the 2024 calendar year were supposed to file within 90 days of their formation. Finally, businesses that started on or after January 1, 2025, had 30 days to file their BOI report.
However, the CTA faced some challenges in court that temporarily blocked its enforceability. But on February 17, 2025, a Texas federal judge lifted the final remaining nationwide injunction on enforcement of the CTA. This means the Beneficial Ownership Information Report is required again.
If a company’s beneficial owner information changes, then they’ll have just 30 days to report an update to their information.
First-time BOI filers (sometimes called the company applicants under the terms of the Act) need to gather some simple but vital information for their BOI report:
Staying organized in advance and knowing what information you’ll need is key to meeting your filing deadline in 2025.
Once you’ve filed your BOI form, you don’t have to renew it yearly; it’s not like your state’s annual report requirement. However, if any of the information in your initial report changes — such as a change in ownership or a new address for one of your beneficial owners — you’re required to update the BOI report within 30 days of the change. This includes any changes in who will exercise substantial control, such as a new senior officer who dictates company decisions. This requirement helps ensure that your business information remains accurate.
To update your report, you can access the same portal you used to submit the initial BOI report. Remember that the CTA due date for changes is only 30 days from the time the information changes.
Staying ahead of the CTA compliance deadlines can make the reporting process easier. Here are some tips to help keep your business on track with requirements in 2025:
These proactive steps help you stay in control and meet each CTA compliance deadline on time.
Understanding the CTA and its filing deadlines may feel overwhelming, but several resources are available to help businesses meet these obligations. The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) provides guidelines and detailed explanations for CTA compliance and filing requirements on its official website.
Additionally, here at ZenBusiness we offer BOI filing services for businesses looking for extra guidance. Our team can tackle this filing for you, helping you meet this crucial compliance requirement. With the right resources and support, businesses can more easily meet the Corporate Transparency Act compliance requirements.
If you need to form an LLC first before filing your BOI report, our team can tackle both formations and compliance filings for you, helping you meet both requirements.
Our Worry-Free Compliance service is here to help you file securely and accurately to keep your business in good standing.
FinCEN has temporarily paused enforcement of deadlines while it finalizes new rules.
The Corporate Transparency Act applies to many corporations, LLCs, and similar entities that are registered to do business with a Secretary of State or similar office. This requirement targets entities most susceptible to misuse for illegal activities, such as money laundering through a shell corporation.
You don’t have to report beneficial ownership every year, but updates are required if any reported information changes. If there’s a change in beneficial ownership or an owner’s reported details, businesses have 30 days to update their BOI report. Staying on top of these changes helps maintain compliance without needing an annual renewal.
Disclaimer: The content on this page is for information purposes only and does not constitute legal, tax, or accounting advice. If you have specific questions about any of these topics, seek the counsel of a licensed professional.
Written by Team ZenBusiness
ZenBusiness has helped people start, run, and grow over 800,000 dream companies. The editorial team at ZenBusiness has over 20 years of collective small business publishing experience and is composed of business formation experts who are dedicated to empowering and educating entrepreneurs about owning a company.
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