Keating Muething & Klekamp PLL is a nationally recognized law firm of approximately 130 lawyers in Cincinnati, Ohio. We deliver sophisticated legal solutions to individuals and businesses of all sizes — from start-up companies to Fortune 50 corporations. While the firm has primarily built its reputation in the tri-state area, including Ohio, Kentucky, and Indiana, our unwavering client-first approach has helped us establish a national and international presence.
Since 1954, KMK Law has been a pillar of the Cincinnati community. The attorneys and staff at KMK Law have dedicated themselves to serving as trusted advisors for private and public companies, nonprofits, charity-focused organizations, and individuals from every walk of life. Whether our counsel is to a multi-billion dollar company, or an individual working to make sure their life’s work is protected for their family and the organizations they support, we are proud and honored to help those clients achieve their aspirations, every time.
As previously reported, on December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction on the enforcement...
As previously reported, on December 3, 2024, the U.S.
District Court for the Eastern District of Texas issued a
nationwide preliminary injunction on the enforcement of the
Corporate Transparency Act (the "CTA") and its reporting
obligations. On December 23, 2024, the U.S. Court of Appeals for
the Fifth Circuit granted a stay of the preliminary injunction.
Following the Fifth Circuit's stay, the Financial Crimes
Enforcement Network ("FinCEN") released a statement
granting an extension to the CTA year-end reporting deadline to
January 13, 2025.
However, on December 26, 2024, the U.S. Court of Appeals for the
Fifth Circuit vacated their stay of the preliminary injunction in
light of the expedited ruling expected on the merits of the
preliminary injunction.
FinCEN has not yet issued a statement but it is anticipated that
they will comply with the injunction as they did last time while
allowing reporting companies to voluntarily submit reports. In
light of ongoing uncertainty, KMK recommends that entities continue
preparing their CTA reports and be prepared to file on short notice
if the preliminary injunction is one again stayed or
overturned.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
