Beneficial Ownership Information Reporting: What Business Owners Need to Know Now

Small business owners standing in front of their shop with open sign, representing compliance with Beneficial Ownership Information (BOI) reporting requirements.

The Current Status of Beneficial Ownership Information Reporting As of April 2025, beneficial ownership information (BOI) reporting requirements have been significantly modified following legal challenges. The original BOI filing mandate established by the Corporate Transparency Act has been partially suspended following the court ruling in National Small Business United v. Yellen. Currently, the filing requirement […]