**NEW UPDATES BELOW** We’ll cover the corporate transparency act updates, the corporate transparency act injunction, and unpack why some are saying the corporate transparency act is unconstitutional! 👉 Book a Call at https://www.cunninghamlegal.com/book-your-appointment/ for estate planning, business planning, and help with the corporate transparency act.
After a pivotal December 23, 2024 court decision, the clock is ticking with new deadlines for the corporate transparency act! We’ll cover how to file the Corporate Transparency Act Beneficial Ownership Information and take a deep dive into the corporate transparency act injunction, including the headline-grabbing Texas Top Cop Shop, Inc. v. Garland case, which temporarily paused the CTA’s enforcement. Learn about the newly extended Corporate Transparency Act deadlines that companies must meet to stay compliant.
On December 23, 2024, a panel of the U.S. Court of Appeals for the Fifth Circuit granted a stay of injunction in the case of Texas Top Cop Shop, Inc. v. Garland. On December 26, 2024, however, a different panel of the U.S. Court of Appeals for the Fifth Circuit issued an order vacating the Court’s December 23, 2024 order. As of December 26, 2024, the injunction issued by the district court in Texas Top Cop Shop, Inc. v. Garland is in effect and reporting companies are not currently required to file beneficial ownership information with FinCEN. https://www.fincen.gov/boi
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