On February 18, 2025, the federal district court in the Eastern District of Texas granted the federal government’s motion to stay its previous order in Smith v. U.S. Dept. of the Treasury, which had temporarily blocked enforcement of the Corporate Transparency Act (CTA).
This means the CTA is now BACK in effect, and the Financial Crimes Enforcement Network has issued updated deadlines for Beneficial Ownership Information reporting.
For most businesses this NEW deadline is March 21, 2025, so it’s time to take action.
If your business is subject to the CTA, it is critical to review these revised deadlines to ensure compliance.
