Get all your news in one place.
100's of premium titles.
One app.
Start reading
Reason
Reason
J.D. Tuccille

Intrusive Small Business Reporting Law Slapped With Nationwide Injunction

If you own a small business, you may have just dodged a bullet you didn't even know about. Last week, a federal judge in Texas issued a temporary restraining order against a new requirement that small companies identify their owners to the federal government. Since many small businesses remain unaware of the intrusive rule, this is a welcome reprieve for people who face nasty civil and criminal penalties for failing to comply. Don't get too comfortable yet, though: The feds plan to appeal, which means you should probably still get your paperwork in order, just in case.

'Significant Regulatory Punch'

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.