Client Alert: CTA Coaster Hits the Wall: FinCEN Makes BOI Exemptions Permanent | Paul-Kalvin Collins
After nearly two years of changing deadlines, court rulings, and regulatory developments, the Corporate Transparency Act (“CTA”) roller coaster has finally come to a halt for U.S. companies and U.S. persons. Bailey Glasser lawyer Paul-Kalvin Collins writes what may be the final chapter of this CTA roller coaster.
On August 11, 2026, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued a final rule making permanent the beneficial ownership information (“BOI”) reporting exemptions first established in its March 2025 interim final rule. Under the final rule, U.S. companies and U.S. persons are permanently exempt from requirements to report BOI to FinCEN under the CTA. FinCEN also announced that it will delete previously reported information concerning U.S. persons from its BOI database. The final rule will become effective upon publication in the Federal Register.
What Changed? Read more here.