Corporate Transparency Act Litigation and Filing Deadline Extension
By EsqSocial Corporation 27/12/24
On December 3, 2024, in Texas Top Cop Shop, Inc., et al. v. Garland, et al., the United States District Court for the Eastern District of Texas granted a nationwide preliminary injunction that stayed the enforcement of the Corporate Transparency Act (CTA) and the CTA’s reporting rules. While the District Court did not go as far as to declare the CTA unconstitutional, it stated that the CTA is likely unconstitutional as outside of Congress’s power......
By: Smith Gambrell Russell