For those following the drama over the Corporate Transparency Act, I have some bad news (if you're a small business owner)...
It's back!
For those following the drama over the Corporate Transparency Act, I have some bad news (if you're a small business owner)...
It's back!
🚨No seriously, another one!🚨
FinCEN, the division of the Treasury Department charged with the enforcement of the BOI reporting requirement, officially responded to the 5th Circuit's ruling yesterday (link in comments if you missed it).
In a shocking twist...
🚨No seriously, another one!🚨
FinCEN, the division of the Treasury Department charged with the enforcement of the BOI reporting requirement, officially responded to the 5th Circuit's ruling yesterday (link in comments if you missed it).
In a shocking twist...
5th Circuit today has vacated its own motions panel’s decision to stay the District Court’s injunction against enforcement of the CTA.
The takeaway of that word salad?
The injunction is back!! 🎉
5th Circuit today has vacated its own motions panel’s decision to stay the District Court’s injunction against enforcement of the CTA.
The takeaway of that word salad?
The injunction is back!! 🎉
✅ Pre-2024 companies will have until January 13, 2025.
✅ Companies formed after September 4, 2024 also have until January 13, 2025.
✅ Pre-2024 companies will have until January 13, 2025.
✅ Companies formed after September 4, 2024 also have until January 13, 2025.
In a perhaps not so unsurprising "Merry Christmas" move, the 5th Circuit Court of Appeals issued an immediate stay of the lower federal court's injunction issued earlier this month suspending the Corporate Transparency Act.
In a perhaps not so unsurprising "Merry Christmas" move, the 5th Circuit Court of Appeals issued an immediate stay of the lower federal court's injunction issued earlier this month suspending the Corporate Transparency Act.
The decision was just announced so the fall out will be unpacked in the coming days, but this may spell the end of the FinCEN beneficial ownership reporting for now.
Stay tuned!!
The decision was just announced so the fall out will be unpacked in the coming days, but this may spell the end of the FinCEN beneficial ownership reporting for now.
Stay tuned!!