Fifth Circuit Decision Reinstates Corporate Transparency Act Deadlines
By EsqSocial Corporation 26/12/24
In a per curiam ruling dated Dec. 23, 2024, a three-judge panel of the Fifth Circuit Court of Appeals granted a temporary stay of the district court’s Dec. 5 order and injunction against enforcement of the Corporate Transparency Act and its beneficial ownership information (“BOI”) reporting requirement. The Fifth Circuit concluded that the Corporate Transparency Act was within Congress’ power under the Commerce Clause and that a last-minute injunction of the statute necessarily inflicts...
By: Brownstein Hyatt Farber Schreck