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Update on the Corporate Transparency Act (CTA) Filing Obligations

Nationwide injunction halts CTA enforcement A recent federal court decision has introduced a significant development regarding the Corporate Transparency Act (CTA). The US District Court for the Eastern District of Texas has issued a nationwide preliminary injunction, effectively halting enforcement of the CTA and its related regulations. This decision has immediate implications for businesses preparing to meet the January 1, 2025, filing deadline.
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New Reporting Requirements for Beneficial Ownership Information

Important Update (December 4, 2024): A recent federal court ruling has issued a nationwide injunction against the enforcement of the Corporate Transparency Act (CTA). As a result, companies are no longer required to comply with the CTA's reporting requirements at this time. The information in this article, including filing deadlines and compliance requirements, is impacted by this ruling and may no longer be applicable. For more information on this development, click here to read the latest update.
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