ARTICLE
6 January 2025

Nationwide Preliminary Injunction For CTA Filings Lifted

SH
Scarinci Hollenbeck LLC

Contributor

Scarinci Hollenbeck is a business law firm based in New Jersey, New York, and Washington, D.C servicing clients worldwide. Our focus is niche areas of law most often required by corporate entities, owners, leaders, and operators. Our prestigious roster of attorneys offers the experience and proven results that businesses need to move projects forward. Regardless of the size of your business or the scale of the project, we embrace the unique complexity that comes with doing business in an evolving economy.
On December 23, 2024, the 5th Circuit Court of Appeals lifted the injunction that stayed the enforcement of the Corporate Transparency Act put into place by a federal judge in Texas.
United States Corporate/Commercial Law

On December 23, 2024, the 5th Circuit Court of Appeals lifted the injunction that stayed the enforcement of the Corporate Transparency Act put into place by a federal judge in Texas. The result is that if you are required to file a Beneficial Owner's Report with FinCEN by year-end (entities that were in existence prior to 2024), you must accomplish that filing no later than December 31 to avoid potential penalties.

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