NFIB Weekly News

Business Climate

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Beneficial Ownership: Supreme Court Decision, Congress Introduces Bill to Repeal (01/31/2025)

The beneficial ownership reporting requirement remains on hold, but on Jan. 23 the U.S. Supreme Court decided to grant the government’s request and reinstated the Corporate Transparency Act (CTA). Small businesses are not currently required to file beneficial ownership information with FinCEN due to ongoing litigation.

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