On December 26, 2024, the Fifth Circuit Court of Appeals vacated ("rescinded") its stay order issued just three days prior and reinstated the nationwide preliminary injunction issued by the lower court while the appeal is pending, which has been expedited by the Court. This development, again, halts enforcement of the Corporate Transparency Act (CTA) and its Beneficial Ownership Information (BOI) reporting requirements.
We are monitoring the situation closely and will provide an update once FinCEN issues a new statement. If you have questions in the meantime, please don’t hesitate to contact us.
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Learn more about BOI reporting here: https://fincenguidance.com
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#CorporateTransparencyAct Update: Stay Rescinded & Preliminary Injunction Reinstated
fincenguidance.com/blog/f/cta-u...
On December 26, 2024, the Fifth Circuit Court of Appeals vacated ("rescinded") its stay order issued just three days prior and reinstated the nationwide #preliminaryinjunction...