**Public Service Announcement New Federal Mandate**

[Wm435]

Public Service Announcement ​

On January 1, 2025, all LLC owners will be subject to a new federal mandate. This includes LLC owners who solely have a Roxor under their LLC. You must file the beneficial information report or you may get fined close to 600 dollars a day. The official "GOVERMENT" website will always have a .gov at the end of the website name. Never will it have a .com or .org or any other variations. Filling is 100% free so please keep that in mind.



For your reference only, this is the government website. Do your homework and make sure you go to the correct government website. Here is their website: FinCEN.gov

 

[USMC]

Yeah Wm. I have been getting bugged by companies to pay them to file for me. I have already filed myself.

 

[Wm435]

Yeah Wm. I have been getting bugged by companies to pay them to file for me. I have already filed myself.

lol, I accidentally clicked and submitted sensitive data to what I thought to be the government website until I noticed it had a ".com" at the end. Luckily it was just a company with bad advertising ethics, and not scammers. Many look alike and sound alike names.

 

[txroadkill]

The BOI is on hold right now

UPDATE for BOI/FinCEN: Federal Court Issues Nationwide Injunction Against CTA

A preliminary injunction has been placed against the federal government’s enforcement of the Corporate Transparency Act (CTA), thereby preventing enforcement of beneficial ownership information (BOI) filing requirements as administered by the Financial Crimes Enforcement Network (FinCEN). The...

farmlaw.ces.ncsu.edu

 

[Wm435]

The BOI is on hold right now

UPDATE for BOI/FinCEN: Federal Court Issues Nationwide Injunction Against CTA

A preliminary injunction has been placed against the federal government’s enforcement of the Corporate Transparency Act (CTA), thereby preventing enforcement of beneficial ownership information (BOI) filing requirements as administered by the Financial Crimes Enforcement Network (FinCEN). The...

farmlaw.ces.ncsu.edu

Nice to know that there is a temporary hold on the mandate. Many people aren't even aware of even the mandate to begin with.

I feel if the government wins then many clueless roxor owning LLC members would be none the wiser, and fall into the classification of non compliance, and subject to possible fines or worse.

 

[Gabe]

Yes on hold.

 

[Icy McDusty]

The BOI is on hold right now

UPDATE for BOI/FinCEN: Federal Court Issues Nationwide Injunction Against CTA

A preliminary injunction has been placed against the federal government’s enforcement of the Corporate Transparency Act (CTA), thereby preventing enforcement of beneficial ownership information (BOI) filing requirements as administered by the Financial Crimes Enforcement Network (FinCEN). The...

farmlaw.ces.ncsu.edu

Important update to that link - (Thanks for that by the way)
An appeals court has lifted the injunction. More info available in an update to the linked article.

December 23, 2024 UPDATE: On December 23rd, the Fifth Circuit Court of Appeals granted the Financial Crimes Enforcement Network’s (FinCEN) appeal to lift the nationwide injunction against beneficial ownership information (BOI) reporting requirement. The requirement, which was made mandatory for multiple types of business entities (including LLCs) under the Corporate Transparency Act (CTA), has a revised deadline for most submissions of January 13, 2025.

Merry belated Christmas.

 

[Icy McDusty]

Wow, this reporting thing has turned into quite the political and legal football. The injunction is back on. Directly from the BOI site front page at FinCEN.gov -on a new alert posted with today's date: (relevant new part highlighted by me)

In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force. However, reporting companies may continue to voluntarily submit beneficial ownership information reports.

The Corporate Transparency Act (CTA) plays a vital role in protecting the U.S. and international financial systems, as well as people across the country, from illicit finance threats like terrorist financing, drug trafficking, and money laundering. The CTA levels the playing field for tens of millions of law-abiding small businesses across the United States and makes it harder for bad actors to exploit loopholes in order to gain an unfair advantage.

On Tuesday, December 3, 2024, in the case of Texas Top Cop Shop, Inc., et al. v. Garland, et al., No. 4:24-cv-00478 (E.D. Tex.), the U.S. District Court for the Eastern District of Texas, Sherman Division, issued an order granting a nationwide preliminary injunction. Texas Top Cop Shop is only one of several cases that have challenged the Corporate Transparency Act (CTA) pending before courts around the country. Several district courts have denied requests to enjoin the CTA, ruling in favor of the Department of the Treasury. The government continues to believe—consistent with the conclusions of the U.S. District Courts for the Eastern District of Virginia and the District of Oregon—that the CTA is constitutional. For that reason, the Department of Justice, on behalf of the Department of the Treasury, filed a Notice of Appeal on December 5, 2024 and separately sought of stay of the injunction pending that appeal.

On December 23, 2024, a panel of the U.S. Court of Appeals for the Fifth Circuit granted a stay of the district court’s preliminary injunction entered in the case of Texas Top Cop Shop, Inc. v. Garland, pending the outcome of the Department of the Treasury’s ongoing appeal of the district court’s order. FinCEN immediately issued an alert notifying the public of this ruling, and recognizing that reporting companies may have needed additional time to comply with beneficial ownership reporting requirements, FinCEN extended reporting deadlines. On December 26, 2024, however, a different panel of the U.S. Court of Appeals for the Fifth Circuit issued an order vacating the Court’s December 23, 2024 order granting a stay of the preliminary injunction. Accordingly, as of December 26, 2024, the injunction issued by the district court in Texas Top Cop Shop, Inc. v. Garland is in effect and reporting companies are not currently required to file beneficial ownership information with FinCEN.

Enjoy the show if you can. I'm slightly reminded of this paraphrased quite from Ghostbusters: Forty years of darkness! Earthquakes, volcanoes... dogs and cats living together... MASS HYSTERIA!

Offtopic:
It's sad this is the best thing I have to post about. I peek in from time to time but just can't seem to free up enough of it to get into modding and improving my Roxor the way I'd like to. Hopefully that changes this coming Spring/Summer, I still dig it.

 

[Wm435]

I know inevitably there will be many roxor owners who will undoubtedly and unknowingly will be non compliant and will possibly incurr hefty fines, once it takes into effect

 

[Scatman]

Register, don’t register, register ….. lol

 

[USMC]

Resistance only prolongs the inevitable.

You will be assimilated or destroyed.

We are the future.

Your uniqueness holds no meaning for us.

We are a collective intelligence.

Your resistance is futile.

Source: Star Trek