Despite a
Supreme Court ruling on January 23, there have been no material changes regarding Corporate Transparency Act (“CTA”) filing obligations. As of January 23, current FinCEN guidance is that no entity is required to comply with the CTA until further notice. Lower court cases will continue in the coming months.
Additionally, congressional bills have been proposed that would repeal the CTA in its entirety, but it is unclear if and when such bills might become law.
We will continue to monitor both judicial and legislative developments and provide updates when appropriate.
