On December 26, 2024, a federal court of appeals officially reinstated an injunction blocking the reporting deadline for Beneficial Ownership Information (BOI). This came just days after a panel lifted the injunction. This latest development means that the government cannot enforce the CTA and BOI reporting requirements and small businesses are under no obligation to file these reports while the court decides the case. Though small business owners should remain ready to file BOI reports, they do not have to submit reports. The injunction will remain in place while our lawsuit proceeds or until the court says otherwise.

“The court’s reinstatement of the nationwide injunction is a welcome sigh of relief for small businesses,” said Rob Smith, Senior Attorney of NFIB’s Small Business Legal Center. “Since being told earlier this week that they must urgently submit their BOI reports, our nation’s small businesses have experienced enormous chaos and confusion. Thankfully, the court’s latest decision recognizes that the CTA and BOI reporting requirements pose serious constitutional questions. It also provides Main Streets across the country with a reprieve from this harmful mandate while our lawsuit proceeds.”

For more information, you can visit FinCEN’s BOI page here. If you have any questions about the status of the case or BOI reporting, please reach out to the Legal Center at Info@nfib.org.