Corporate Transparency Act: Reporting Obligations On Hold Once Again

December 31, 2024

CORPORATE TRANSPARENCY ACT: REPORTING OBLIGATIONS ON HOLD ONCE AGAIN The reporting required by the Corporate Transparency Act, 31 USC § 5336 (the “Act”) has been put on hold again.  On December 26, 2024, a different panel of the U.S. Court of Appeals for the Fifth Circuit reinstated the preliminary injunction enjoining enforcement of the Act.  This reverses the decision issued…

Corporate Transparency Act: Reporting Obligations Reinstated

December 31, 2024

CORPORATE TRANSPARENCY ACT: REPORTING OBLIGATIONS REINSTATED The reporting required by the Corporate Transparency Act, 31 USC § 5336 (the “Act”) has been reinstated.  On December 23, 2024, the U.S. Court of Appeals for the Fifth Circuit approved the government’s emergency motion for a stay of the preliminary injunction enjoining enforcement of the ACT.  This means that “reporting companies” under the…

Corporate Transparency Act: Temporary Reprieve from Beneficial Ownership Reporting Obligations

December 11, 2024

CORPORATE TRANSPARENCY ACT: TEMPORARY REPRIEVE FROM BENEFICIAL OWNERSHIP REPORTING OBLIGATIONS The reporting required by the Corporate Transparency Act, 31 USC § 5336 (the “Act”) has been put on hold. On December 3, 2024, in Texas Top Cop Shop, Inc., et al. v. Garland, et al., the U.S. District Court for the Eastern District of Texas granted a nationwide preliminary injunction…