As of 2025, the BOI (Beneficial Ownership Information) filing requirement is still in effect for most businesses under the Corporate Transparency Act (CTA). However, due to ongoing legal challenges, temporary relief applies only to select companies.
What’s the Current Status?
The BOI rule, enforced by the Financial Crimes Enforcement Network (FinCEN), went into effect on January 1, 2024. It requires most U.S. companies to report their beneficial owners.
But here’s the latest:
- A federal court in Alabama ruled in March 2024 that the BOI rule was unconstitutional for plaintiffs in the National Small Business United v. Yellen case.
- FinCEN responded by suspending enforcement only for those plaintiffs.
- All other companies are still required to file.
Who Is Affected by the Suspension?
The BOI filing suspension is not universal. It applies only to members of the National Small Business Association (NSBA) who were part of the lawsuit. If your company was not directly involved in the case:
You still need to file your BOI report if required.
Filing Deadlines (As of 2025)
- LLCs or corporations formed before Jan 1, 2024: Deadline is Jan 1, 2025
- Formed on or after Jan 1, 2024: You have 90 days to file after formation
- After Jan 1, 2025: Deadline changes to 30 days from formation
Will BOI Filing Be Suspended for Everyone?
There is no official plan to suspend BOI filing nationwide. However:
- More legal challenges may arise
- Congressional action could change requirements
- Until then, FinCEN expects full compliance
Final Answer: Is BOI Filing Suspended?
No, BOI filing is not suspended for most businesses. Only a narrow group of plaintiffs are currently exempt. If you are unsure whether you’re affected, it’s best to proceed with filing or consult a compliance expert.
