Beneficial Ownership Reporting Requirements Delayed for Some Entities
The Jan. 1, 2025 reporting deadline for certain corporations, limited liability companies and similar entities to file beneficial ownership information under the Corporate Transparency Act (CTA) has been delayed.
A nationwide preliminary injunction entered by the U.S. District Court for the Eastern District of Texas has declared the CTA and its implementing regulations may not be enforced by the U.S. Treasury’s Financial Crimes Enforcement Act (FinCEN).
The court ruled that reporting companies formed or registered before Jan. 1, 2024 do not need to comply with CTA’s Jan. 1, 2025 beneficial ownership information reporting deadline pending further order of the court.
A preliminary injunction is not a final decision. It provides temporary relief from compliance of the regulation until the court can decide on the merits of the case.
As a result, companies facing the Jan. 1, 2025 deadline to register entities created before Jan. 1, 2024 do not need to file with FinCEN at this point.
Although NAHB does not provide legal advice, we believe entities incorporated between Jan. 1, 2024, and Dec. 31, 2024, with CTA reporting obligations should continue to meet their beneficial ownership information filing obligations with FinCEN within 90 calendar days of the date the entity was formed.
Reporting companies that feel they have no obligation to report should closely monitor case developments in the Texas case in addition to parallel cases pending in the 9th, 4th, and 11th circuits.
Latest from NAHBNow
IBS
Jun 08, 2026
IBS Scholarships Offer Members More Opportunities to Network and LearnMore members are able to experience the numerous benefits of attending the International Builders' Show thanks to the IBS Scholarship Program. Applications are now open for IBS 2027 scholarships, which will provide recipients with a show pass, travel stipend, hotel accommodations and more.
Spring Leadership Meeting
Jun 05, 2026
Watch Livestreams of Key Spring Leadership MeetingsNAHB leadership will gather June 9-13 for the 2026 Spring Leadership Meeting in Washington, D.C. Members and HBA staff not in attendance can view livestreams of key meetings.
Latest Economic News
Economics
Jun 08, 2026
Mortgage Applications Retreat in May, with ARMs Gaining ShareMortgage application activity declined again in May as higher mortgage rates continued to suppress the market, although adjustable-rate mortgages (ARM) gained some traction. According to the Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume, applications fell 5.5% month-over-month in May on a seasonally adjusted basis.
Economics
Jun 05, 2026
U.S. Labor Market Remains Resilient in MayDespite rising inflation and ongoing economic uncertainty, the U.S. labor market remained resilient in May. Nonfarm payrolls increased for the third consecutive month, and the unemployment rate held steady at 4.3%.
Economics
Jun 04, 2026
Mortgage Rates Increase Further as Inflation Remains ElevatedMortgage rates continued to increase in May as inflation accelerated. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.41% in May, up 7 basis points (bps) over April.