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CTA Alert: FinCEN Extends Reporting Deadline for Reporting Companies Formed or Registered in 2024

On November 30, 2023, the Financial Crimes Enforcement Network (FinCEN) issued a final rule extending the deadline for certain "reporting companies" to file their initial beneficial ownership (BOI) report under the Corporate Transparency Act (CTA). This extension applies only to those reporting companies that are newly formed during the 2024 calendar year, or to foreign reporting companies that register to do business in the United States during the 2024 calendar year.

Read the full alert here.