On December 3, 2024, a judge in the Eastern District of Texas entered a nationwide preliminary injunction against the enforcement of the Corporate Transparency Act. For now, this ruling means that Reporting Companies are not obligated to file an initial Beneficial Ownership Information Report prior to the current December 31, 2024 deadline. FinCEN is expected to appeal the preliminary injunction.
The attorneys of Pickrel, Schaeffer & Ebeling are monitoring the ongoing litigation and will provide updates as the litigation moves forward. If you have questions regarding the Corporate Transparency Act or what this preliminary injunction means for your company, please contact Katie Wahl at kwahl@pselaw.com or
937.223.1130.
