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Last night, December 26, 2024, the US Court of Appeals for the 5th Circuit vacated the order entered on December 23, 2024 that reinstated the filing requirements under the federal Corporate Transparency Act (“CTA”). This is the same court order that was the focus of our December 24, 2024 client alert to you, which highlighted that a new filing deadline of January 13, 2025 had been announced by FinCEN, the department that enforces CTA.
Yesterday, the US Court of Appeals for the 5th Circuit struck down the nationwide stay of the Corporate Transparency Act. This means the CTA is currently an enforceable law (for now).
On December 3, 2024, the Federal District Court for the Eastern District of Texas issued a ruling in which it imposed a nationwide preliminary injunction on the enforcement of the Corporate Transparency Act.