Further Update: Federal Court Reinstates Nationwide Injunction of Corporate Transparency Act – Filings Not Required
On December 26, 2024, the U.S. Court of Appeals for the Fifth Circuit vacated the previously reported stay it granted on December 23 and reinstated the nationwide injunction enjoining enforcement of the Corporate Transparency Act. Consequently, reporting companies are not required to file beneficial ownership information reports with the Financial Crimes Enforcement Network while the court’s order remains in force.
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