In a ruling on December 23, a federal appeals court has reinstated business’ obligations to identify their beneficial ownership under the Corporate Transparency Act (CTA). Businesses that were created prior to the Act’s effective date in January, 2024, are required to report their Beneficial Ownership Interest by January 13. The court is allowing the required registration to continue while the court case challenging the law continues. Earlier this month a court had temporarily stopped the rule from going forward. This ruling reinstates the registration requirements but extending the deadline to January 13 from the original December 31.

Please refer to this article for more information. “Court Revives Corporate Transparency Act and Employers Have New January 13 Reporting Deadline: 3 Things Employers Need to Do”