Beneficial Ownership Reporting Requirements Delayed for Some Entities

Legal
Published

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.

Subscribe to NAHBNow

Log in or create account to subscribe to notifications of new posts.

Log in to subscribe

Latest from NAHBNow

Advocacy
Nov 13, 2026
Podcast: Mayor Touts Housing as Foundation of Memphis Growth Strategy

On the latest episode of NAHB’s podcast, Housing Developments, COO Paul Lopez and guest host Karl Eckhart, NAHB VP of State and Local Government Affairs, welcome Mayor Paul Young of Memphis, Tenn.

Sponsored Content
Nov 12, 2026
What's Really Stalling Buyers, and the Sales You're Leaving on the Table

Buyers need enough money left over each month to live comfortably. And builders need enough margin and capital left over to keep building. Understanding the buyers' needs is essential to protecting your business.

View all

Latest Economic News

Economics
Nov 13, 2026
Building Material Price Inflation Remains High Despite Energy Price Declines

The Producer Price Index for final demand was up 0.3% in October, after rising 1.4% in September. Compared to a year ago, final demand prices were up 6.5%.

Economics
Nov 13, 2026
No Relief: Credit Conditions for Builders Still Tightening

Credit conditions on loans for residential Land Acquisition, Development & Construction (AD&C) were still tightening in the third quarter of 2026, according to NAHB’s quarterly survey on AD&C Financing. The net easing index derived from the survey posted a third-quarter reading of -15.3 (the negative number indicating net tightening).

Economics
Nov 12, 2026
Existing Home Sales Fell to 16-Year Low

After a brief rebound last month, existing home sales plummeted to a 16-year low in October. With mortgage rates back above 7% since mid-September and home prices still elevated, buyers continued to stay on the sidelines.