Late afternoon on December 23, 2024, the Fifth Circuit Court of Appeals lifted the District Court’s nationwide preliminary injunction against enforcement of the Corporate Transparency Act (CTA) in the case of Texas Top Cop Shop, Inc., et al. v. Garland, et al., No. 4:24-cv-00478 (E.D. Tex.).

As a result, the following CTA deadlines are once again enforceable against reporting companies:

• Associations/Corporations/LLC’s in existence prior to January 1, 2024 must file their initial beneficial ownership information (BOI) reports by January 1, 2025.

If you have not yet provided your FinCEN ID or information necessary to file your report, there are only 7 days left to comply.

For those who have already provided a directive, but opted to halt the filing while the injunction was pending, your Tressler attorney will reach out you and determine what information is missing so we can file the BOI by 12/31.  

For those who have not yet provided a directive to file the BOI on behalf of the Association/Corporation/LLC, you must either file your own BOI by 12/31 (www.fincen.gov), or reach out to your Tressler attorney and we will advise what information is needed to ensure compliance by 12/31 (legal fee of $400).

Questions? Please contact your Tressler attorney or Kat Formeller at kformeller@tresslerllp.com. We’re here to help!

We wish you and your loved ones a joyous holiday season.