Corporate Transparency Act (CTA) is On-Again
MCACA2025-02-24T19:40:14-08:00ALERT!Corporate Transparency Act (CTA) is On-Again:Update as of Feb 20, 2025A February 18, 2025 decision by the U.S. District Court for the Eastern District of Texas means that beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act (CTA) are once again back in effect.For the vast majority of reporting companies, the new deadline to file an initial, updated, and/ or corrected BOI report is now March 21, 2025. See FinCEN Notice, FIN-2025-CTA1, 2/18/2025.As previously reported in our January 7 Alert and the MCAC 4Q 2024 newsletter Issues on the Radar 2024: Year End Report (pg 5), this issue remains [...]