We are writing to inform you of a recent development regarding Beneficial Ownership Information (BOI) reporting. A federal court in Texas has issued an injunction suspending the BOI reporting requirements nationwide. At this time, the final ruling remains uncertain, and there is no indication of when the suspension might be lifted or what the outcome will be.
Given these circumstances, we want to ensure you are aware of the potential implications if the injunction is reversed. If reporting requirements are reinstated, there may be limited time to meet the original Financial Crimes Enforcement Network (FINCEN) filing deadlines.
To address this uncertainty, we are offering two options for your consideration:
Given these circumstances, we want to ensure you are aware of the potential implications if the injunction is reversed. If reporting requirements are reinstated, there may be limited time to meet the original Financial Crimes Enforcement Network (FINCEN) filing deadlines.
To address this uncertainty, we are offering two options for your consideration:
- Proceed with Filing:
- If you wish to proceed with your BOI filing, we will continue to process and submit your information accordingly. This proactive approach ensures compliance in the event that the injunction is lifted with a tight timeline for filing.
- Wait for Final Ruling:
- If you prefer to wait until the courts issue a final ruling, we can assist with your filing at that time. However, please note that if the suspension is reversed, the timeline for compliance may be short, and we cannot guarantee meeting the deadline with the limited notice.
We encourage you to review this situation carefully and let us know your decision as soon as possible. If you have any questions or require further information to make your choice, please do not hesitate to contact us.
Thank you for your understanding and prompt attention to this matter. We are committed to assisting you through this process, regardless of the option you choose.
Thank you for your understanding and prompt attention to this matter. We are committed to assisting you through this process, regardless of the option you choose.
