Beneficial Ownership Information now required again after court ruling

[nitpicked]

From the latest alert at

https://www.fincen.gov/boi

In light of a December 23, 2024, federal Court of Appeals decision, reporting companies, except as indicated below, are once again required to file beneficial ownership information with FinCEN. However, because the Department of the Treasury recognizes that reporting companies may need additional time to comply given the period when the preliminary injunction had been in effect, we have extended the reporting deadline as follows:

Reporting companies that were created or registered prior to January 1, 2024 have until January 13, 2025 to file their initial beneficial ownership information reports with FinCEN. (These companies would otherwise have been required to report by January 1, 2025.)
Reporting companies created or registered in the United States on or after September 4, 2024 that had a filing deadline between December 3, 2024 and December 23, 2024 have until January 13, 2025 to file their initial beneficial ownership information reports with FinCEN.
Reporting companies created or registered in the United States on or after December 3, 2024 and on or before December 23, 2024 have an additional 21 days from their original filing deadline to file their initial beneficial ownership information reports with FinCEN.
Reporting companies that qualify for disaster relief may have extended deadlines that fall beyond January 13, 2025. These companies should abide by whichever deadline falls later.
Reporting companies that are created or registered in the United States on or after January 1, 2025 have 30 days to file their initial beneficial ownership information reports with FinCEN after receiving actual or public notice that their creation or registration is effective.
As indicated in the alert titled “Notice Regarding National Small Business United v. Yellen, No. 5:22-cv-01448 (N.D. Ala.)”, Plaintiffs in National Small Business United v. Yellen, No. 5:22-cv-01448 (N.D. Ala.)—namely, Isaac Winkles, reporting companies for which Isaac Winkles is the beneficial owner or applicant, the National Small Business Association, and members of the National Small Business Association (as of March 1, 2024)—are not currently required to report their beneficial ownership information to FinCEN at this time.
(snip)

[marybourg]

1. This affects HOAs and condo boards

as well as actual businesses

[Mike 03]

2. Glad to hear about the extension

I think some LLCs are still learning this needs to be done. I wasn't aware of it until I received an email from our accountant in early November.

It's not difficult to do, but it does require having certain information (i.e., your EIN number, basic information for each beneficial owner) at the ready, and a photograph of a document verifying I.D. of each beneficial owner that is in a form that you can upload to the online form). Just in case something goes wrong the first time you file, I recommend not waiting until the last minute. (But the actual government website is excellent and provides a lot of assistance).

[LetMyPeopleVote]

3. I had fun yesterday sending emails to clients

Luckily many clients have already filed. Filing takes very little time

[LetMyPeopleVote]

4. The predicted petition for rehearing en banc in the Corporate Transparency Act case has been filed

Link to tweet