On March 21st, 2025, FinCEN announced that all entities created in the United States — including those previously known under the CTA as “domestic reporting companies” — and their beneficial owners are now exempt from the requirement to report beneficial ownership information. Existing foreign companies that must report their beneficial ownership information have until April 25, 2025 to do so.
Related articles: Corporate Transparency Act – Compliance again MANDATORY, Corporate Transparency Act Compliance Voluntary, Corporate Transparency Act Enforcement Enjoined Nationwide, Ready or Not: Corporate Transparency Act Compliance is Coming, FinCEN Issues Final Rules for the Corporate Transparency Act Reporting Requirements – Significant Changes Coming to Corporate Reporting for Alaska Companies
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