Client Alert Update: CTA Compliance is Back On, For Now

Client Alert Update: CTA Compliance is Back On, For Now

As discussed in a previous Client Alert, on December 3, 2024, a federal judge in Texas instituted a nationwide preliminary injunction of the Corporate Transparency Act (“CTA”). This was followed by a separate federal court national injunction against the CTA, the effects of which were to put the obligation of companies to report their beneficial ownership information (“BOI”) to the U.S. Financial Crimes Enforcement Network (“FinCEN”) on hold.

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