Beneficial Ownership Information Report

The Latest Legal Maneuvers

As I predicted in my podcast two weeks ago, the court challenge to the Beneficial Ownership Information Report has now made its way to the steps of the Supreme Court.

At the time of my previous podcast regarding this case, the Fifth Circuit Court of Appeals had given assent to a nationwide temporary restraining order on the Corporate Transparency Act, which is the legislation authorizing the BOI Report.

In this episode, we look at what happened within hours of the podcast going live and in the days since. Presently, the Supreme Court is in the early stage of deciding whether to override the Fifth Circuit's decision. Today's episode looks at possible scenarios which could play out, depending on what the Court decides.

I also sound a warning about a proliferation of scams that try to trick small business owners into filing their Beneficial Ownership Information Report with bogus firms who take the owner's money, but never file a report.

You can download a transcript of the podcast at https://www.upsizeyourleadership.com/transcripts/2502-boi-latest-turns.pdf.

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