Updated Important Information Regarding Corporate Transparency Act “CTA”

Key Takeaways re CTA and Deadline – No Longer Required: 

  • Compliance with the Corporate Transparency Act (the “CTA”) is stayed throughout the entire United States as of December 3, 2024.
  • The U.S. Federal District Court for the Eastern District of Texas issued a preliminary injunction finding the CTA to likely be unconstitutional and prohibiting its enforcement. 
  • The preliminary injunction is applicable nationally, so all reporting companies are no longer obligated to comply with the CTA’s January 1, 2025 filing deadline pending further court action. 

Please follow the news for any changes.