On December 26, 2024, the Fifth Circuit Court of Appeals reversed its December 23, 2024, decision, reinstating the district court’s injunction blocking enforcement of the Corporate Transparency Act (CTA) and its implementing regulations. 

In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force. However, reporting companies may continue to voluntarily submit beneficial ownership information reports.

Please contact McClenaghan Law Group at 614-429-1053 with any questions.