February 27, 2025

The reporting obligations under the Corporate Transparency Act, which had previously been suspended by a number of federal courts, have now been reinstated. Most reporting companies have until March 21, 2025 to file any initial or updated beneficial ownership report with the Financial Crimes Enforcement Network (FinCEN).

Parasec, which we use as our clients’ registered agent in Delaware, can assist you in the filing for approximately $100 per company: Parasec: BOI Reporting Deadline

Corporate and beneficial ownership information can be reported directly to FinCEN using the FinCEN e-filing system. FinCEN has prepared a Small Entity Compliance Guide to making this filing. We have also prepared a summary of these filing requirements that can be found using the link below:

Given the sensitivity of the personal information that is required to make this filing, Hutchison cannot make this filing on your behalf. Hutchison would, however, be happy to answer any questions that arise in the course of making this filing. Please reach out to your Hutchison attorney if you have any questions about making this filing.