Yesterday, December 23rd, the U.S. Fifth Circuit Court of Appeals, lifted the nationwide injunction against enforcement of the Corporate Transparency Act and the rules promulgated thereunder (the “CTA”). As such, compliance with the CTA, including the requirement that companies file Beneficial Ownership Information Reports (“BOI Reports”) with FinCEN, an agency within the U.S. Treasury Department, is now back into effect. This means all non-exempt companies formed prior to January 1, 2024 must file their BOI Reports on or before December 31, 2024. (Companies formed in 2024 have 90 days from formation to file their BOI Reports.)
Please see full publication below for more information.
