News & Analysis as of

Time Extensions Filing Requirements Compliance

Womble Bond Dickinson

Update: CTA Filing Requirements Are "On" - Compliance Required by January 13, 2025 (for most reporting companies)

Womble Bond Dickinson on

On December 23, 2024, the Court of Appeals for the Fifth Circuit stayed the nationwide injunction enjoining the U.S. government from enforcing the Corporate Transparency Act (the “CTA”) and the corresponding reporting...more

BCLP

To File, or Not to File: the Fifth Circuit’s Evolving Treatment of the Corporate Transparency Act

BCLP on

The U.S. Court of Appeals for the Fifth Circuit reinstated and then subsequently suspended the reporting requirements under the Corporate Transparency Act (the “CTA”) over the course of the last week by staying the original...more

Womble Bond Dickinson

CTA UPDATE: No Action Needed Yet - Mandatory CTA Filings are “OFF” For Now

Womble Bond Dickinson on

On December 26, 2024, the Court of Appeals for the Fifth Circuit VACATED a ruling early this week to stay the nationwide injunction enjoining the U.S. government from enforcing the Corporate Transparency Act (the “CTA”) and...more

Winstead PC

News Alert: Fifth Circuit Reinstates Beneficial Ownership Reporting Injunction

Winstead PC on

Late on December 26, 2024, a panel of the Fifth Circuit ordered the injunction back into effect. Timing is uncertain for any oral arguments or other court rulings....more

Parker Poe Adams & Bernstein LLP

Corporate Transparency Act Filings Are Back on Hold

In an unusual turn of events, the Fifth Circuit Court of Appeals has reversed itself and put the Corporate Transparency Act (CTA) back on hold....more

Dorsey & Whitney LLP

CTA Compliance Paused Yet Again - Federal Appeals Court Reinstates Temporary Nationwide Injunction

Dorsey & Whitney LLP on

As we previously reported, on December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction against enforcement of the Corporate Transparency Act (“CTA”). Texas Top Cop...more

Kaufman & Canoles

The Corporate Transparency Act Filing Deadline Stayed Once Again

Kaufman & Canoles on

On Thursday, December 26, 2024, the United States Court of Appeals for the Fifth Circuit reinstated the nationwide injunction staying the CTA filing deadline....more

Benesch

On Hold AGAIN - CTA Preliminary Injunction Reinstated

Benesch on

As we previously reported, on December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction blocking the U.S. Department of Treasury from enforcing the Corporate...more

Venable LLP

Fifth Circuit Reimposes Nationwide Preliminary Injunction

Venable LLP on

After a rollercoaster ride last week, the Corporate Transparency Act's (CTA) nationwide preliminary injunction remains in place for the immediate future, pending further review by the U.S. Court of Appeals for the Fifth...more

WilmerHale

Corporate Transparency Act: Preliminary Injunctive Relief Reinstated by Fifth Circuit (For Now)

WilmerHale on

As previously reported, on December 23, 2024, a motions panel of the U.S. Court of Appeals for the Fifth Circuit grants the government’s emergency motion in the Texas Top Cop Shop matter to stay the preliminary nationwide...more

Williams Mullen

Corporate Transparency Act Update - Nationwide Injunction Back in Place

Williams Mullen on

Corporate Transparency Act (CTA) news in December 2024 has been plentiful. Here is the running recap of significant December events...more

Winstead PC

News Alert: FinCEN Extends Deadline After Winning a Lift of Injunction

Winstead PC on

After our December 23 News Alert, FinCEN announced an extension for all filings due by 12/31/2024 for entities formed prior to January 1, 2024. Such subject entities now must file no later than January 13, 2025....more

Tucker Arensberg, P.C.

UPDATE: Corporate Transparency Act  (“CTA”) Enforcement Once Again On Hold

Tucker Arensberg, P.C. on

As of December 26, 2024, the nationwide injunction that had been lifted only days ago has been put back in effect. This means that reporting requirements under the Corporate Transparency Act may not be enforced for the time...more

BakerHostetler

Nationwide CTA Injunction Is Back in Effect. What Happens Now?

BakerHostetler on

In yet another twist, the CTA is again currently enjoined (for now). On Dec. 26, in a highly unusual chain of events, the merits panel of the Fifth Circuit Court of Appeals vacated the emergency stay granted by the motions...more

Nutter McClennen & Fish LLP

Enforcement of Corporate Transparency Act Temporarily Halted Again

We have previously shared updates regarding the Corporate Transparency Act (CTA), which generally requires so-called “Reporting Companies” to disclose the individuals who meaningfully control and own such companies to the...more

Nutter McClennen & Fish LLP

Enforcement of Corporate Transparency Act Resumes

We have previously shared updates regarding the Corporate Transparency Act (CTA), which generally requires so-called “Reporting Companies” to disclose the individuals who meaningfully control and own such companies to the...more

Laner Muchin, Ltd.

Corporate Transparency Act Update – Preliminary Injunction Reinstated by Fifth Circuit on December 26, 2024

Laner Muchin, Ltd. on

On December 23, 2024, a three-judge panel of the U.S. Court of Appeals for the Fifth Circuit reversed a Texas district court order that had granted a preliminary injunction of the Beneficial Ownership Information (BOI)...more

Dorsey & Whitney LLP

FinCEN Sets Revised CTA Filing Deadlines After Federal Appeals Court Overrules Temporary Nationwide Injunction

Dorsey & Whitney LLP on

On December 23, 2024, the United States Court of Appeals for the Fifth Circuit granted the government’s emergency motion and stayed the temporary nationwide injunction that prohibited enforcement of the Corporate Transparency...more

Miller Canfield

Fifth Circuit Stays the Texas Federal District Court’s Nationwide Preliminary Injunction and Stay of the Corporate Transparency...

Miller Canfield on

On December 23, 2024, in Texas Top Cop Shop, Inc. v. Merrick Garland, Civil Action No.4:24-CV-478 (5th Cir. 2024), the Fifth Circuit Court of Appeals lifted a nationwide preliminary injunction and stay of the U.S. Corporate...more

Holland & Knight LLP

Corporate Transparency Act Back in Effect, But with Extended Deadlines

Holland & Knight LLP on

High drama in Corporate Transparency Act (CTA) world: The latest saga involving the CTA commenced with the case of Texas Top Cop Shop, Inc., et al. v. Garland, et al., where a federal district court judge for the U.S....more

Genova Burns LLC

Corporate Transparency Act (CTA) - Reporting Requirements Revived

Genova Burns LLC on

The Corporate Transparency Act (CTA), which went into effect on January 1, 2024, mandates that almost all LLC owners submit annual beneficial ownership reports (BOI) to the Financial Crimes Enforcement Network (FinCEN). ...more

Venable LLP

Fifth Circuit Grants Stay: FinCEN Extends CTA Initial Reporting Deadline

Venable LLP on

As detailed in our prior client memo regarding Texas Top Cop Shop, Inc. v. Garland, the federal district court in the Eastern District of Texas (Sherman Division) issued an order for a nationwide preliminary injunction...more

Tucker Arensberg, P.C.

Corporate Transparency Act Reporting Requirements are Back in Effect

Tucker Arensberg, P.C. on

In an order issued December 23, 2024, the United States Court of Appeals for the Fifth Circuit set aside a nationwide injunction that had suspended the requirements of the Corporate Transparency Act (“CTA”) and regulations...more

Benesch

FinCEN Extends Corporate Transparency Act Filing Deadlines: Companies Registered Before January 1, 2024 Have Until January 13,...

Benesch on

As we previously reported, on December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction blocking the U.S. Department of Treasury from enforcing the Corporate...more

Smith Anderson

Nationwide Injunction LIFTED - Corporate Transparency Act Reporting Requirements Reinstated

Smith Anderson on

On December 23, 2024, the Fifth Circuit Court of Appeals (the "Fifth Circuit") lifted the preliminary injunction previously issued by the United States District Court for the Eastern District of Texas (Texas Top Cop Shop,...more

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