Corporate Transparency Act Update: Enforcement Resumes, Filing Deadlines Extended
By EsqSocial Corporation 27/12/24
On December 23, 2024, the U.S. Court of Appeals for the Fifth Circuit lifted a Texas District Court’s preliminary injunction that had temporarily paused enforcement of the Federal Corporate Transparency Act (CTA) nationwide in the case of Texas Top Cop Shop, Inc., et al. v. Garland, et al., No. 4:24-cv-00478 (E.D. Tex.). Reporting companies now face renewed urgency to ensure their beneficial ownership reports are submitted to FinCEN’s online database by the revised deadlines to avoid steep...
By: Kohrman Jackson & Krantz LLP