After reinstating the filing deadline for the Corporate Transparency Act (CTA) on December 23, 2024, the Merits Panel of the Fifth Circuit Court of Appeals vacated the Motions Panel’s order granting the Motion to Stay the Preliminary Injunction. This means that reporting companies do not need to comply with the CTA’s requirements and deadlines. The government’s appeal of the Eastern District Court of Texas’ preliminary injunction is still under consideration by the Fifth Circuit Court of Appeals and oral argument is scheduled for March 25. However, until further notice from the Court, reporting companies are not required to comply with the CTA and companies may choose to continue reporting or wait until further developments unfold.
JAH Can Help
If you have any questions regarding the reinstated CTA reporting requirements, contact a member of our Corporate & Non-profit Practice Group or watch our CTA explainer video.
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