Global Guide to Beneficial Ownership Reporting 2026
Examine beneficial ownership reporting requirements across jurisdictions, providing compliance strategies for founders.
The exact change
The Corporate Transparency Act (CTA) has faced substantial legal challenges. As of March 2025, FinCEN suspended enforcement of BOI reporting requirements against US-formed entities and US persons pending further litigation.
As of March 2025, FinCEN issued an interim final rule that redefined "reporting company" to exempt all US-formed entities and US persons from BOI reporting entirely, not merely suspending enforcement against them.
Suggested change
This is the site's authoritative cross-referenced BOI guide. Its imprecise "enforcement suspended" framing was tightened to accurately reflect that a March 2025 FinCEN interim final rule exempted US-formed entities from Corporate Transparency Act reporting, with the requirement now applying mainly to foreign entities registered to do business in the US.
Why this is better
The original framing described a temporary enforcement pause, but the March 2025 FinCEN rule actually narrowed the legal definition of a reporting company, permanently exempting US entities rather than just pausing enforcement against them.
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