Treasury small business ownership rule on hold as court eyes constitutionality

Posted under: SMB
Date: 2025-01-02
Treasury Rule on Small Biz Ownership Paused| Justo Global

The Treasury Department has postponed the deadline for millions of small businesses to comply with a new reporting requirement on "beneficial ownership information" once more after a court decision blocked enforcement. Late on December 26, the 5th U.S. Circuit Court of Appeals issued an order to freeze enforcement. This postponement occurs just a few days after a prior one on January 1.

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