March 21 Beneficial Owner Reporting Deadline

On February 19, 2025, the Financial Crimes Enforcement Network (FinCEN) announced that companies required to report beneficial ownership information that have not yet submitted the required report generally have until March 21, 2025 to file the report.

FinCEN also indicated it will assess its options to further modify deadlines, while prioritizing reporting for those entities that pose the most significant national security risks. FinCEN also indicated that it intends to initiate a process this year to revise the BOI reporting rule to reduce burden for lower-risk entities, including many U.S. small businesses. FinCEN provided no further details about such modifications or revisions.