ALERT: FinCEN Eliminates BOI Reporting for U.S. Companies

On March 21, 2025, FinCEN issued an interim final rule removing the requirement for U.S. companies and U.S. persons to file Beneficial Ownership Information (BOI) reports under the Corporate Transparency Act. Only foreign entities registered to do business in the U.S. are now required to file, and they are not required to report any U.S. persons as beneficial owners.