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Corporate Transparency Act BOI Reporting Re-Suspended on Constitutional Grounds

December 30, 2024 Business & Tax Blog

On December 26, 2024, a federal appellate court reversed its own December 23 ruling and reinstated a lower Texas court’s nationwide suspension of Beneficial Ownership Information/BOI reporting under the Corporate Transparency Act on Constitutional grounds.  BOI compliance is not required until the court takes further action, which we do not…

Corporate Transparency Act Beneficial Ownership Reporting Suspended, Held Likely Unconstitutional

December 4, 2024 Business & Tax Blog

A federal district court in Texas has held the Corporate Transparency Act’s beneficial ownership reporting law likely violates the U.S Constitution, justifying a stay and injunction preventing enforcement of the law pending the resolution of the case. As a result, business owners are not required to file “Beneficial Ownership Information…