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WHAT'S NEW

FinCEN BOIR – Injunction is lifted! CTA is back again!
What it means and What should you do

FinCEN’s Notice – Beneficial ownership reporting requirements are back in effect, with a new deadline of March 21, 2025 for most companies. FinCEN will assess its options for further modifying deadlines.

CTA is back! You are required to file FinCEN BOIR again. The new deadline is March 21, 2025. Here’s a brief timeline of recent CTA developments:

Dec. 3, 2024: A Texas federal court issued a nationwide preliminary injunction on CTA enforcement (Texas Top COP Shop, Inc. v. Merrick Garland).
Dec. 23, 2024: The Fifth Circuit granted the DOJ’s motion for a stay on the injunction, and FinCEN extended the compliance deadline from Jan. 1 to Jan. 13, 2025.
Dec. 26, 2024: The Fifth Circuit vacated the stay, reinstating the injunction. FinCEN BOIR requirements are paused until the constitutional oral arguments on the CTA in March 2025.
Jan. 23, 2025: U.S. Supreme Court ruled to lift the nationwide injunction but due to the limited explanations in the ruling, the ruling is being interpreted only specifically apply to the case of Texas Top COP Shop, Inc. v. Merrick Garland.
Jan. 24, 2025: FinCEN issued a notice stating that the nationwide injunction is still in place because of the nationwide injunction issued by another Texas case under the District Court for the Eastern District of Texas (Smith v. US Department of the Treasury) in January 7, 2025.
Feb. 18, 2025: U.S. District Court for the Eastern District of Texas lifted the injunction (Smith, et al. v. U.S. Department of the Treasury). FinCEN posted an updated notice on February 19, 2025 (see above) and have extended the deadline to March 21, 2025.

Note that there are court hearings scheduled in April 2025 to determine the constitutionality of the CTA. However, in the meantime, businesses are required to comply with the CTA and complete their FinCEN BOIR by the new deadline posted by FinCEN.

Our Recommendation – Get Prepared and File as soon as possible

SeedJura.CO is an affordable and easy solution:

Organize all your entities on SeedJura.CO for a one-time $10 sign-up fee, regardless of the number of entities, including automatic legal BOI analysis to identify beneficial owners and finalize information in a “ready-to-file” status.

With SeedJura.CO, you have complete control over when to file with FinCEN—just a click of a button. Once you click on the button, SeedJura.CO will automatically file the relevant information of your entities and their beneficial owners directly with FinCEN via authorized API. You will get the transcript of your filing from FinCEN within a few minutes on SeedJura.CO.

SeedJura’s FinCEN BOIR service fee is only required if and when you click on “Confirm to File”

You only pay when you click the "Confirm to File" button on SeedJura.CO (timing based on which option you choose above):

SeedJura's FinCEN BOIR Service Fee

Pricing

Pay when you file

$89.99

(With the first entity free)

Only when you click on file.

Pricing

Pay when you file

$89.99

(With the first entity free)

Only when you click on file.

Pricing

Pay when you file

$100 membership fee per year

(no matter how many entities you have)

Unlimited updates and refiling (per year).

Pricing

Pay when you file

$100 membership fee per year

(no matter how many entities you have)

Unlimited updates and refiling (per year).

REFUND - File with confidence and Get Organized.

If the CTA is canceled by the U.S. Supreme Court or Federal Government, SeedJura will refund your FinCEN BOIR service fees for already filed entities (minus any applicable third-party fees, such as PayPal).

Your entities will remain organized on SeedJura.CO, and you’ll receive notifications about any future filing requirements (e.g., state-level filings). SeedJura.CO will assist you with any new filings, ensuring compliance, and will also offer new features like automatic legal document generation for your entities, all at affordable fees.

Avoid last-minute chaos by preparing in advance. Filing takes time, especially for multiple entities. Start now to ensure compliance by March 21, 2025.

Reasons why you need the SeedJura.CO Module

Penalties

FinCEN BOI reporting is not an option. 
Failure to comply can result in severe civil and criminal penalties - for the entities as well as their senior managers and officers.
Criminal Penalties:
- Up to 2 years in jail
- Up to $10,000 fine
Civil Penalty:
- $591 per day per entity

Complexity

You need to know which entities must be reported; AND
You need to know who the “beneficial owners” are for each reporting entity.

Challenges

Most so-called quick and easy online “low-cost solutions” currently on the market are no more than fancier versions of the free-of-charge FinCEN BOI Reporting website. Without being supported by lawyers and law firms, they do not conduct analysis to determine what entity(ies) to file and who the beneficial owners are. You must do the analysis yourself or engage a lawyer to do so.
Most law firms charge high hourly rates and fees to conduct the analysis.

Your complete FinCEN BOIR solution

Your complete FinCEN BOIR solution

WHAT'S NEW

Penalties

Complexity

Challenges

HOW IT WORKS

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