09/12/2024
📢 Breaking News: BOI Reporting Temporarily Blocked Nationwide 📢
A Texas federal court has issued a nationwide injunction against the enforcement of the Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act (CTA). This means businesses are not currently required to file BOI reports with FinCEN by the January 1, 2025, deadline unless a higher court reverses the decisionNFIB - NFIB SMALL BUSINESS ASSOCIATION - NATIONAL LAW REVIEW
✅ What does this mean for you?
While this ruling temporarily halts enforcement, businesses are encouraged to stay informed and prepared in case the decision is overturned.
At Lowell D. Land CPA PLLC, we’re monitoring the situation closely for our clients and are ready to assist businesses with BOI compliance as needed. If your LLC is no longer active, we can also help you dissolve it to avoid future obligations.
📞 Contact us at 859-575-7080 to discuss your options and stay ahead of the curve!