Beneficial Owner Report: Going Away? Or Coming Back?

2025-01-28

A Supreme Court Decision That Changed NothingThe Future of the Beneficial Ownership Information Report Remains UncertainAfter bouncing around in district and appeals courts for months, the Corporate Transparency Act (CTA) and its mandated Beneficial Ownership Information Report had their first day before the Supreme Court this month.On January 23, the Court lifted a temporary restraining order (TRO) which had suspended enforcement of the reporting requirement since December 2. But perhaps for the...

A Supreme Court Decision That Changed NothingThe Future of the Beneficial Ownership Information Report Remains Uncertain

After bouncing around in district and appeals courts for months, the Corporate Transparency Act (CTA) and its mandated Beneficial Ownership Information Report had their first day before the Supreme Court this month.

On January 23, the Court lifted a temporary restraining order (TRO) which had suspended enforcement of the reporting requirement since December 2. But perhaps for the first time in the history of the Supreme Court, the justices lifted a TRO and their decision made no practical difference whatsoever.

I trace this strange development in this episode and lay out the possible scenarios which may play out in the weeks ahead with the CTA. I look at the question, is the Beneficial Ownership Information Report going away? Or coming back? Some 30 million small business owners are waiting to find out.

You can download the script for this program at https://www.upsizeyourleadership.com/transcripts/2505-boi-coming-back.pdf.

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