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December 23, 2024: Nationwide injunction overturned – CTA filing requirements reinstated Recent court developments have reversed the nationwide preliminary injunction on the Corporate Transparency Act (CTA). Reporting companies are now required to file Beneficial Ownership Information (BOI) with the Financial Crimes Enforcement Network (FinCEN), with new deadlines announced to account for the suspension period.

Important Update (December 23, 2024): Following the lifting of a federal court injunction against the enforcement of the Corporate Transparency Act (CTA), FinCEN has announced updated deadlines for reporting requirements. Companies created or registered before January 1, 2024, must file their initial BOI report by January 13, 2025. Companies created or registered on or after January 1, 2024, have different filing deadlines based on their registration date. Additionally on these evolving reporting requirements, as of January 6, 2025, the Department of Justice has requested that the US Supreme Court lift the injunction on BOI enforcement as legal challenges continue. This article has been updated to reflect these changes.