12/05/2024
Update: A federal court in Texas has issued a preliminary injunction on enforcement of FINCEN's beneficial owner reporting just weeks prior to the deadline for filing for many small businesses. FINCEN has not yet issued a response to the ruling in Texas Top Cop Shop, Inc. v. Garland (E.D.Tex., Docket No. 4:24-CV-478, December 3, 2024). For entities who have not yet filed, it seems that there may be some reprieve if filings are not submitted timely. Please stay tuned for more developments.
Original post:
Small business owner? Your company may need to comply with a new federal filing requirement. Learn more about beneficial ownership reporting: https://fincen.gov/boi
Feel free to contact us if you would like assistance with filing.