Compliance. Beginning January 1, 2025, many companies in the United States were required to report information about their beneficial owners—the individuals who ultimately own or control the company—to the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury. To read more about what companies were required to report, and how to report, click here. A few days ago, a federal court in Texas issued an injunction halting the enforcement of the BOI reporting requirement. This means that if an entity has not yet filed its BOI, it is no longer required to meet the January 1, 2025 deadline for such filing. Read more. |