On December 3, 2024, it was announced that Judge Amos L. Mazzant, III of the U.S. District Court for the Eastern District of Texas issued an order purporting to impose a NATIONWIDE preliminary injunction on enforcement of the Corporate Transparency Act, which required most small businesses to report beneficial owner identifying information to the Financial Crimes Enforcement Network. View the order here.
The preliminary injunction has now been appealed.
What does that mean for your business? Enforcement of the January 1, 2025 deadline is still on hold unless the preliminary injunction is reversed.
We will continue to monitor the developments of this case and provide updates as they unfold.
Find more details surrounding the Corporate Transparency Act here.