On Again, Off Again: Corporate Transparency Act Injunction Back in Effect
By EsqSocial Corporation 30/12/24
On December 26, 2024, the Fifth Circuit of the United States Court of Appeals vacated the stay of the injunction on the Corporate Transparency Act (the “CTA”) that a panel had issued earlier in the week. As a result, the injunction is back in effect and the CTA is not currently enforceable. On December 27, 2024, FinCEN published an alert acknowledging that reporting companies are not currently required to file beneficial ownership information and are not subject to liability if they fail to do...
By: Proskauer Rose LLP