A federal judge in Texas has suspended the requirement for small businesses to file a Beneficial Ownership Information report (BOI) by January 1, 2025.  At this time, businesses are no longer required to file a BOI report. Until the situation changes, businesses choosing not to file their BOI report will not be penalized.  FinCEN’s BOI filing portal is now only accepting voluntary reports from businesses who choose to file. 

FUBA will keep our members updated on this situation in our monthly newsletter. If the BOI filing requirement is reinstated by the court, we will let you know immediately.