The Fifth Circuit Court of Appeals has granted the government’s emergency motion requesting that the nationwide stay on filing Beneficial Owner Information Reports under the Corporate Transparency Act be lifted. Thus, the December 31, 2024 deadline for filing under the CTA is once again required and failure to timely file may result in penalties.
The Constitutionality of the Corporate Transparency remains subject to litigation but in the meantime, filing by December 31, 2024 for entities formed prior to January 1, 2024 is once again required under the Act.
PSE attorneys continue monitoring the ongoing litigation and will provide updates to inform you of your obligations to comply with the CTA. 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.
