Treasury Department Ends Beneficial Ownership Information  Reporting Requirements

What's new:  On August 11, the United States Department of the Treasury announced that it has permanently removed beneficial ownership reporting requirements for U.S. companies and persons under the Corporate Transparency Act (CTA). These rules are administered through the Financial Crimes Enforcement Network (FinCEN), a bureau within Treasury.

Why it matters:  Under the CTA rules, separate corporations or limited liability companies associated with a dealership (e.g., real estate holding companies) may have been required to file corporate transparency reports with beneficial ownership information. Beneficial ownership information is identifying information about the individuals who directly or indirectly own or control a company. In March 2025, Treasury suspended enforcement of these reporting rules and issued a temporary rule that paused U.S. reporting requirements. The Aug. 11 rule makes these changes permanent.

Tell me more:  Treasury also announced that it will delete any previously reported information concerning U.S. companies and persons. While the Aug. 11 rule leaves some reporting requirements in place, they apply to certain foreign companies reporting information about foreign persons.

Go deeper:

• Treasury Q&A on Eliminated Reporting Requirements
• Treasury Reporting Requirement Reference Materials
• Treasury Beneficial Ownership Information Reporting
• NADA Alert: Treasury Announces Enforcement Suspension