Search

303-494-3000

Home » cta

CTA Update: Enforcement Suspended by U.S. Department of Treasury

On March 2, 2025, the U.S. Department of the Treasury announced that it will suspend enforcement of the Corporate Transparency Act (CTA) against U.S. citizens and domestic reporting companies. This means that penalties and fines associated with the beneficial ownership information reporting requirements will not be imposed under the existing regulatory deadlines. The Treasury Department … Continue Reading

CTA Update: Injunction Lifted – CTA is Back in Effect  

Corporate Transparency Act (“CTA”) Back in Effect On February 17, 2025 a federal judge in Texas lifted a preliminary injunction that had stopped enforcement of the of the Corporate Transparency Act (“CTA”).  As a result, CTA reporting obligations are once again in effect.  On February 18, 2025 the Financial Crimes Enforcement Network (FinCEN) issued a statement alerting … Continue Reading

CTA Update: Nationwide Preliminary Injunction Reinstated

The U.S. Court of Appeals for the Fifth Circuit has once again altered the legal landscape regarding the Corporate Transparency Act (CTA). On December 26, 2024, the court reinstated a nationwide preliminary injunction, pausing the enforcement of the CTA, including the associated filing deadlines. For the moment, companies are once again not required to submit … Continue Reading

CTA Update: Nationwide Preliminary Injunction Lifted

On December 23, 2024, the Fifth Circuit Court of Appeals lifted the nationwide injunction on the Corporate Transparency Act (CTA), reinstating its enforceability. As a result, reporting companies and their beneficial owners are once again subject to the CTA’s requirements, necessitating the submission of beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN). In … Continue Reading

Call Now Button