No Need to Ring in the New Year With BOI Forms

If you’ve been following the Corporate Transparency Act (CTA) saga, you might feel like you’ve been trapped in a legal rollercoaster. Deadlines, delays, penalties—it’s enough to make your head spin. But here’s the good news: you can keep that champagne glass in hand because you don’t have to spend New Year’s Eve filing Beneficial Ownership Information (BOI) reports.

BOI Reporting Delayed Again

The latest twist came late on December 26, when the 5th U.S. Circuit Court of Appeals put the brakes on the BOI reporting requirement—again. This injunction halts enforcement of the Treasury’s new regulation while the court weighs the constitutionality of the Corporate Transparency Act itself.

What does this mean for you? For now, businesses are not required to file BOI reports, and there’s no liability if you don’t. The court has calendared arguments for March 2025, so this delay is likely to last at least through the first quarter of the year.

That means you’re free to ring in 2025 without scrambling to disclose every detail of who owns or controls your business. No $591 daily fines. No $10,000 penalties. No jail time. Just some much-needed breathing room.

What’s the Issue With BOI Reporting?

The Treasury Department claims BOI reporting is necessary to combat money laundering and shady shell companies. But let’s be honest: the real burden falls on small business owners—the backbone of America’s economy.

With nearly 32.6 million businesses affected by this law, it’s clear who the target is: the little guys. Big corporations with $5 million in gross receipts and more than 20 employees are exempt. But small LLCs? Sole proprietors? Family-run operations? They’re stuck footing the bill for this regulatory nightmare.

And now, the courts are finally taking a hard look at whether the CTA overreaches. Small businesses aren’t criminals. They’re builders. Creators. Innovators. They shouldn’t be punished for daring to succeed.

No Countdown, No Problem

For now, let’s celebrate this pause. Use this time wisely to prepare—but not panic. The injunction means you can focus on growing your business without worrying about being penalized for not filing BOI reports.

If you were planning to spend your countdown to midnight with a BOI form in hand, consider this your legal get-out-of-jail-free card. Literally. Instead of poring over ownership details, take the time to reflect on your wins this year and set bold goals for the next.

A Toast to Freedom

At Kiyosaki Uncensored, we believe in your right to build wealth without bureaucratic overreach. This injunction is a small victory, but the fight isn’t over. We’ll be here every step of the way, keeping you informed and prepared.

So, put those BOI forms aside. Raise a glass. And let’s toast to a prosperous, free, and regulation-light new year.

Happy New Year from Robert and the entire Kiyosaki Uncensored Team!