As you may remember, we notified you on August 30, 2024 about the Beneficial Ownership Information report due to be filed by December 31, 2024. On December 3, 2024, a federal district court in Texas issued an order granting a nationwide preliminary injunction that stayed all deadlines to comply.
Today, The Financial Crimes Enforcement Network (FinCEN) has responded that as long as the preliminary injunction remains in effect: reporting companies are not required to report BOI to FinCEN; and reporting companies will not be subject to liability for failing to report their BOI.
FinCEN also indicated that reporting companies may continue to voluntarily submit BOI reports.
We will continue to monitor this issue and update you as soon as we have any further information.