STOP: DON'T FILE YOUR BOI REPORT YET (YOU'RE BEING SCAMMED)

They Paused BOI Reporting Nationwide - Injunction Declared by Judge

The BOI Injunction: What It Means for Small Business Owners

Hey there, Offline Managers,

I’ve got some major updates that prove why trusting the process and waiting things out was the right call. You all know me—Kimberly, your guide to navigating the challenges of running small businesses while protecting your rights. And yes, once again, I TOLD YOU SO!

Let’s break down the recent ruling on the Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act (CTA), what it means for your business, and what you should do next.

The Big News: Nationwide Injunction Stops BOI Enforcement

On December 3, 2024, a federal judge in Texas issued a nationwide injunction that pauses the Corporate Transparency Act (CTA) enforcement. This means the BOI reporting requirements are no longer enforceable—for now. The ruling declared the law unconstitutional due to overreach and privacy concerns, something I’ve been saying all along.

The CTA required businesses like LLCs to report their owners' (BENEFICIARIES) personal details to the government via FinCEN (the Financial Crimes Enforcement Network). It was meant to fight money laundering but was considered invasive, especially for small businesses like yours.

What This Means for Small Business Owners

1. You Don’t Have to File BOI Reports Right Now. The January 1, 2025, deadline is officially paused. If you were scrambling to prepare, take a deep breath—you don’t need to act at this moment.

2. This Isn’t Permanent. The injunction is a temporary pause. The federal government could appeal the ruling and reinstate the requirements, so stay alert. I’ll keep you updated here at CEO DRIVEHER.

3. Existing Businesses Are Safe (For Now). If your LLC was created before January 1, 2024, you no longer have the looming deadline. Those who formed businesses after that date also don’t need to worry about the 90-day reporting window.

4. Privacy Is Back—For Now. The BOI requirements demanded sensitive personal information, such as your name, address, and even a unique identifying number like your driver’s license or passport. This pause is a step toward protecting your sovereignty and business privacy.

   
   

Why I Was Right: A Flashback

I’ve been warning you about the overreach of BOI reporting for years. I told you not to rush into filing and to wait until the last minute. Why? Because the policy felt more like a totalitarian overstep than a tool to fight crime. Now, this ruling echoes the same concerns I’ve been raising—overreach, unconstitutionality, and invasiveness.

What Should You Do Now?

1. Stay Informed. This injunction is a temporary victory. Follow updates here on CEO DRIVEHER or credible news sources.

2. Protect Your Data: Avoid sharing sensitive business information unless absolutely necessary. Predatory consultants are charging high fees for BOI filings even though the process is currently FREE on FinCEN’s website and unnecessary.

3. Hold the Line: If you haven’t filed yet, don’t! There’s no action required right now. Compliance may be reinstated later, but you’re off the hook for now.

4. Build Stronger Business Structures: Use this time to strengthen your business foundation. Consider setting up a holding company for added protection and privacy. I dive deep into this in my Holding Company Class for Beginners, so join if you’re ready to level up.

5. Beware of Scams: Some consultants are charging outrageous fees to “help” you file your BOI. Filing is free when it’s required, and right now, it’s NOT required.

The Importance of Staying Vigilant

While this injunction gives us some breathing room, the fight isn’t over. We need to stay proactive and ready for changes. The government may appeal, or new policies that impact small businesses could emerge. Keep your head on a swivel.

HOLDING COMPANY MICRO LEARNING

Why Having a Holding Company Matters

A holding company offers:

• Privacy: Protects your personal identity and assets.

• Flexibility: Gives you more options for managing your business and finances.

• Security: Shields your business from unnecessary risks.

These benefits are especially important in uncertain times. My Holding Company Class provides step-by-step clarity for beginners. Don’t miss it!

The Comeback of Local and Small Businesses

This injunction is just one example of why local, small, and home-based businesses are/will thrive again. We’re seeing a massive shift toward shopping locally and supporting mom-and-pop shops. Localization is coming back, and it’s time for you to take full advantage.

Join my upcoming programs:

• Creating Home-Based Businesses for Newbies

• 2025 BBBS for Artisans and Crafters

  
  

CREATING HOME-BASED BUSINESSES 4 NEWBIES

Book Now

HANDMADE HUSTLE: CRAFTED ARTISAN SUCCESS

Book Now

These courses are designed to help you grow your business while staying outside systems that don’t serve your best interests.

The CEO DRIVEHER Advantage

I’m not just here to give advice but to empower you. This isn’t just about saying, “I told you so” (although let’s admit it, that feels great!). It’s about standing together, staying informed, and building resilient businesses.

Key Takeaways:

• No BOI filing is required right now.

• Avoid predatory consultants charging for unnecessary services.

• Use this time to strengthen your business structure and protect your privacy.

• Stay informed with CEO DRIVEHER for updates and compliance tips.

Let’s continue to build businesses that thrive outside the beast system, protect our sovereignty, and honor our values.

Thank you for trusting me, listening, and holding the line. Together, we’re proving that small business owners are robust, resilient, and unstoppable.

Stay strong and stay informed,

Kimberly Manager and Creator of CEO DRIVEHER

The Queen of "I Told You So"