As RedState reported in December 2024, the Fifth Circuit Court of Appeals’ injunction to halt enforcement of the Corporate Transparency Act-Beneficial Ownership (CTA-BOI) was first lifted, then reinstated.
While small businesses had some relief over the holidays from the CTA-BOI’s convoluted requirements, it still left them with a degree of uncertainty, especially since the Biden-Harris administration chose to file an appeal to compel enforcement. The hope of the organizations filing the lawsuit against CTA-BOI was that whatever might transpire in the courts, the new Trump administration would not strive to enforce it.
Perhaps this was part of the Supreme Court’s thinking as well. SCOTUS agreed to reinstate the CTA-BOI and allow the Treasury Department to require small businesses to comply. Justice Ketanji Brown Jackson was the only one to dissent.
The…
