The Corporate Transparency Act (CTA) that went in to effect earlier this year, requires most businesses to file their Beneficial Ownership Interest (BOI) with the Financial Crimes Enforcement Network (FinCEN) by the end of 2024. A court in Texas has granted a temporary injunction against the rule.

This injunction is TEMPORARY and PRELIMINARY meaning that depending on more legal maneuvering in coming days and weeks, the injunction may be lifted and the December 31, 2024 be reinstated. If you were required to file, please consider continuing those efforts and compile the necessary information.

Please refer to the following articles for more information.

Texas District Court Issues National Preliminary Injunction Blocking Beneficial Ownership Information Reporting Requirements Under the Corporate Transparency Act.

BREAKING: Federal Court Enjoins Government from Enforcing Corporate Transparency Act