The Fifth Circuit Court of Appeals reinstated the CTA injunction on December 26th. This follows a reinstatement of the CTA filing deadline on December 23rd. So, as of December 26th, the filing requirement is on hold.
The following alert was issued by FinCEN via their website:
In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force. However, reporting companies may continue to voluntarily submit beneficial ownership information reports.
As you probably already know, this could change yet again. The Fifth Circuit will hear oral arguments on March 25, 2025. We’ll see what happens in the interim.
Learn More about BOI reporting in our previous blogs:
