It actually doesn't affect most of us. I've seen it discussed elsewhere. I can't quote the exact sources because these were from private communications within a group:
1. Recent update:
On Dec. 3, a federal court in Texas ruled to halt the implementation of the beneficial ownership information (BOI) filing requirement that was part of the Corporate Transparency Act (CTA).
The court said that the CTA is likely unconstitutional and issued a preliminary injunction barring enforcement of the CTA and its reporting requirements. The ruling states that "reporting companies need not comply with the CTA's January 1, 2025, BOI reporting deadline pending further order of the Court."
Businesses that have not filed their BOI reports prior to this decision may still wish to gather information for their report, in order to be ready to file if the ruling is reversed.
2. My agent sent out an email earlier this year about filing.
If your personal business is incorporated, you were supposed to file a BOI. Even if it
is an LLC. The government wanted to know who is financially benefiting from these businesses to
crack down on fraud. I did file. It wasn't difficult.
But if you haven't done so yet, you can wait and see what the courts decide as already advised here.