Advocacy in Action | January 16, 2025
Update: Beneficial Ownership Information
The Fifth Circuit Court of Appeals has vacated its own order lifting the injunction that blocked the required filing of the “beneficial ownership information” (BOI) report under the Corporate Transparency Act (CTA). In other words, the injunction is back in place and filing of the BOI report is not required, for now.
What happened: On December 23, 2024, the 5th Circuit Court of Appeals granted the federal government’s Motion to Stay the injunction that had temporarily blocked Beneficial Ownership Information (BOI) reporting requirements in the Corporate Transparency Act (CTA). In doing this, the court started the clock on a January 1, 2025 deadline for more than 32 million small business owners to file. Then, on December 26, 2024, the same court reversed itself on the stay – putting it back in place – and once again, putting BOI filing requirements on hold.
What it means for operators: Any operators who have not filed a BOI report has the option to voluntarily file or wait for next ruling from the 5th Circuit. If the court determines the law is constitutional, operators will be required to file BOI, and there could be a short deadline to file.
What’s next: Litigation in this particular case, Texas Top Cop Shop, Inc., et al. v. Garland, et al., continues. The Restaurant Law Center (RLC) is waiting for the 5th Circuit’s merits panel to issue a “briefing schedule” to know when the RLC is expected to present the restaurant industry’s position with regards to the CTA and its BOI reporting requirements.
Paid Sick Leave Law Posters
Click the links below to download Paid Sick Leave Law posters, available in English and Spanish. The posters are applicable to the new Paid Sick Leave Law effective 1/1/2025, and satisfy an employer’s notice obligation under the Paid Sick Leave Law.
National Restaurant Association: 2024 Wins & 2025 Goals
National Restaurant Association Executive Vice President for Public Affairs, Sean Kennedy, recently highlighted some of his team’s 2024 wins and ideas for how the government can promote more private investment in the industry, expand the workforce, and support an even better experience for restaurant customers in 2025.
Get Involved
- Join us at the Restaurants Act Public Affairs Conference: Each year, the CRA represents Connecticut at the Restaurants Act Public Affairs Conference. We travel to Washington, D.C. to meet with our federal delegates to discuss federal issues such as immigration, tax initiatives and more. Our objective is to meet with stakeholders who has a say in our industry, as well as meet with our peers from across America. If you are interested in being part of this year's conference, please email Yvette at tavares@ctrestaurant.org.
- Get Involved with our Legislative Committee: If you are interested in participating in the Legislative Committee, please email us.
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