Insights

Here We Go Again- BOI Back On

February 25, 2025

Written by James Sanders

Last week, the Eastern District of Texas granted a stay of the Court’s nationwide injunction.  In quick order, FinCen provided an update on the filing requirements.  Two important points:

  1. Entities that are required to file have until March 21st for initial, updated and/or corrected BOI reports. 
  2. Entities that had a deadline later than March 21st may file their initial BOI report by that later deadline.
  3. FinCen also said that it would be initiating “ process this year to revise the BOI reporting rule to reduce burden for lower-risk entities, including many U.S. small businesses.”

If you have questions about your BOI filing, please talk with your professional business advisors.  Also, MPL has an overview of the process at our website

If any other updates come out, we will update you as soon as we can. 

About the Author

James Sanders

James Sanders

Managing Partner

James Sanders is an experienced attorney with a deep and comprehensive knowledge of business law, specializing in mergers and acquisitions. Combining extensive legal expertise with a strong foundation in business strategy, James provides sophisticated and practical counsel tailored to the complex needs of business owners and corporate clients.

Read Full Bio

Share: