The Corporate Transparency Act (CTA) helps combat illicit finance threats like terrorism and money laundering while promoting fair competition for U.S. small businesses.
On December 3, 2024, a federal court issued a nationwide preliminary injunction in Texas Top Cop Shop, Inc., et. al. v. Garland, et. al., temporarily halting enforcement of the CTA’s beneficial ownership information (BOI) reporting requirements. As a result, reporting companies are not currently required to file BOI with FinCEN. However, companies may still choose to voluntarily submit their BOI reports.
For the latest updates and guidance, please visit FinCEN’s official website.
Due to the events above, the Missouri Small Business Development Center (SBDC) hosted at Missouri Southern State University (MSSU) has canceled their BOI training in January.
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