New developments on the Corporate Transparency Act (CTA), since its reinstatement last December 23. Now the Fifth Circuit Court of Appeals is reversing its previous decision. Given the ongoing uncertainty, we suggest companies be ready to file quickly if the preliminary injunction is lifted or overturned. This could mean the January 13 deadline is reinstated, or a new deadline pops up with little warning. It’s important that reporting companies keep an eye on the litigation updates and any new guidance from FinCEN.

LEGAL UPDATE: CTA COMPLIANCE – ON HOLD…Again

New developments again on the Corporate Transparency Act (CTA). The court has reversed its previous decision, and filing is suspended pending further litigation. Given the ongoing uncertainty, we suggest companies that have not yet filed be ready to file quickly if the injunction is lifted or overturned. It’s important to keep an eye out for … Continue reading LEGAL UPDATE: CTA COMPLIANCE – ON HOLD…Again

Equinox Law Group
0 Comments