Well, apparently (for now) BOI is back on. The new deadline is currently March 21. BUT… I predict it will be canceled or extended. First, I cannot believe that the Trump Administration is going to let this program survive. I predict he cancels it altogether. Second, FINCEN is “evaluating” whether to further extend the deadline. Third, the case is on appeal again, and could get suspended again. And Fourth, Congress has passed a bill that changes the deadline to Jan of 2026 for companies that have been in business for more than a year.
Sooo… we are just watching and waiting to see what happens. We are not spending money yet on the reports.
One of our portfolio companies, Utility Rescue, has a partnership with a provider that has a GREAT platform to manage this for you and prepare your reports. If you want the referral info, reach out to Tom or Rita and we’ll send you the info.
Below is an article that summarizes what is going on with the Beneficial Ownership Information (BOI) program…
The Next Chapter of BOI…
By
/ February 21, 2025 
