All Filing Deadlines Suspended
Update December 27, 2024
On December 26, 2024, the Corporate Transparency Act (“CTA”) was stopped in its tracks one more time only 3 days after the injunction was lifted.
The pendulum has swang again and the U.S. Court of Appeals for the Fifth Circuit on Dec. 26, 2024, once again stopped the enforcement of the CTA and its requirement that a Beneficial Owner should file a form and provide multiple pieces of personal information to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN).
The U.S. Court of Appeals wants to consider the parties’ substantive arguments in an expedited appeal, so it stopped all enforcement nationwide one more time. Oral arguments for the case are scheduled for March 25, 2025 and the Court will then make a decision which will be announced and we will report on it when it is available.
Therefore, no filings under the CTA are currently required by law and all deadlines have been lifted.
As of now, here is what this means to your company:
For more information, please visit our website here for previous articles about the CTA.
This article is informational only and meant to provide guidance. It is not meant to be legal advice and it does not create an attorney-client relationship. For what to do in your specific situation, please consult with a qualified Construction Law attorney.
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