December 2024

On December 26, 2024, the preliminary nationwide injunction that prevents enforcement of the Corporate Transparency Act (“CTA”) was reinstated by the Fifth Circuit Court of Appeals. This means that updated filing deadlines announced by the Department of Treasury on December 23, 2024 no longer apply. FinCEN, the agency tasked with enforcement of the CTA, has stated that any CTA filings […]

Enforcement of the Corporate Transparency Act (“CTA”) has resumed. On December 23, 2024, the Fifth Circuit Court of Appeals lifted the preliminary nationwide injunction previously issued by a federal district court in Texas. In response to this development, the Department of Treasury updated deadlines for filing of beneficial ownership reports (“BOI reports”) as follows: Reporting companies created prior to January

The enforcement of the Corporate Transparency Act (“CTA”), which requires most business entities to file electronic reports that identify their beneficial owners (“BOI reports”), has been temporarily paused due to ongoing federal litigation.  Please read on to learn what it may mean for you. On December 3, 2024, a federal district court in Texas issued