CTA Stayed Once Again – No BOI Reports Required At This Time
By EsqSocial Corporation 31/12/24
On December 26, 2024, the U.S. Court of Appeals for the Fifth Circuit reinstated the nationwide preliminary injunction enjoining enforcement of the Corporate Transparency Act (the “CTA”) and the rules and regulations promulgated thereunder, including the requirement of non-exempt entities to file Beneficial Ownership Information reports (“BOI Reports”). As such, no BOI Reports are required to be filed with the U.S. Treasury Department’s Financial Crime Enforcement Network bureau (“FinCEN”)....
By: Moritt Hock & Hamroff LLP