12/06/2024
For those of you who have not filed your beneficial ownership information for your company with FINCEN you are at least temporarily off the hook. A couple of days ago, the U.S. District Court for the Eastern District of Texas granted a nationwide preliminary injunction that enjoins the federal government from enforcing the Corporate Transparency Act. The judge found that the plaintiffs were likely to succeed on the merits of their claims, so he issued a nationwide injunction. So, the law cannot be enforced, and reporting companies need not comply with the January 1, 2025, deadline for filing beneficial ownership reports.
