In early December, 2024, (12/3/2024) the U.S. District Court for the Eastern District of Texas issued an order granting a nationwide preliminary injunction against the enforcement of the Corporate Transparency Act's BOI reporting requirement (Texas Top Cop Shop, Inc., et al. v. Garland, et al., No. 4:24-cv-00478 (E.D. Tex.))
The U.S. Court of Appeals for the Fifth Circuit granted a stay of the district court’s preliminary injunction on 12/23/2024, pending the outcome of the Department of the Treasury’s ongoing appeal of the district court’s order.
Reporting companies that were created or registered prior to January 1, 2024 have until January 13, 2025 to file their initial beneficial ownership information reports with FinCEN. (These companies would otherwise have been required to report by January 1, 2025.
Read finCEN's press release HERE for more details.
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