Appeals Court Reinstates Injunction that Halts BOI Enforcement

A federal appeals court on Thursday reinstated a nationwide injunction halting enforcement of beneficial ownership information (BOI) reporting requirements, reversing an order the same court issued earlier this week.

Later on Friday, FinCEN issued an updated alert on it’s BOI information page (Beneficial Ownership Information Reporting | FinCEN.gov) saying that companies can voluntarily submit BOI reports.