The US Corporate Transparency Act's company beneficial ownership reporting obligations are now back in force, with a new deadline of 21 March 2025.

The Act came into force in early 2024, setting a deadline of 1 January 2025 for pre-existing companies and other businesses to establish their true beneficial ownership and report it to the US Department of the Treasury's Financial Crimes Enforcement Network (FinCEN). Nearly all small businesses are required to file, barring rare cases. New companies were given 90 days from the date of formation to file their initial reports.