Corporate Transparency Act Injunction Lifted, Deadline to File Extended
By EsqSocial Corporation 26/12/24
On Monday, December 23, 2024, the U.S. Fifth Circuit Court of Appeals (the “Fifth Circuit”) lifted a Texas district court’s order enjoining the Financial Crimes Enforcement Network’s (“FinCEN’s) enforcement of the Corporate Transparency Act (the “CTA”). Following the Fifth Circuit’s decision, the CTA is once again enforceable, effective immediately, and all non-exempt reporting companies must file a beneficial ownership report (“BOI Report”) with FinCEN....
By: Rivkin Radler LLP