FinCEN Responds to Federal Court Decision - What are the BOI Reporting Requirements Now?

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In this video, Attorney J. Paye, Esq. breaks down recent developments regarding BOI reporting requirements following a Texas-based federal court's nationwide injunction on the enforcement of the Corporate Transparency Act.
🔍 Here’s what you’ll learn:
▪️FinCEN's announcement on voluntary BOI Report submissions.
▪️Clarification on the lack of liability for not filing during the injunction.
▪️Understanding that while the Corporate Transparency Act remains law, reporting penalties are currently on hold.
Small business owners can pause their BOI reporting for now, but stay tuned for future updates. Don't forget to like and subscribe for more insights!
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Johnetta G. Paye, Esq. is a attorney and entrepreneur. She is the managing partner of J. Paye & Associates Attorneys at Law, a boutique law firm. J. Paye & Associates provides legal services in the areas of business, entertainment and real estate.
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DISCLAIMER: This video is for educational purposes only. None of the above should be construed as formal legal advice or the formation of an attorney-client relationship. Do not act or rely upon these materials without seeking professional counsel.
Always consult with legal professionals regarding your unique situation. Attorney J. Paye, Esq. is here to empower small business owners with knowledge but does not create an attorney-client relationship through this content.