Consider it a Christmas miracle: the Fifth Circuit Court of Appeals reversed its decision on lifting an injunction against compliance on the Corporate Transparency Act Beneficial Ownership Information (CTA BOI) law for 32 million small businesses. The court restored this injunction ahead of the January 13 deadline.
A 5th Circuit panel reinstated a preliminary injunction on the Orwellian Corporate Transparency Act, which is good news for millions of American small business owners.https://t.co/iQalrlhDK0
— The Buckeye Institute (@TheBuckeyeInst) December 27, 2024
The court’s latest decision reinstates the nationwide injunction, blocking the burdensome beneficial ownership information (BOI) reporting requirements for small businesses while the court fully considers the government’s appeal. It also nullifies a previous Fifth Circuit order that allowed…
