December 2024

December 10, 2024

ALERT: FinCEN Will Comply with Court Injunction Barring Enforcement of CTA

On December 6, 2024, MPS issued an Alert advising that a U.S. District Court judge in Texas had entered a preliminary injunction: barring the enforcement of the Corporate Transparency Act (CTA) and its Beneficial Ownership Information (BOI) filing requirements; suspending the deadline of January 1, 2025 for the filing of BOI reports; and declaring that…

December 6, 2024

CTA Alert: Federal Court in Texas Enjoins Enforcement of the Corporate Transparency Act Nationwide

On January 1, 2024, the Corporate Transparency Act (CTA) became effective, thereby requiring more than 32,000,000 small businesses to file, on or before January 1, 2025, Beneficial Ownership Information (BOI) reports with the Treasury Department’s Financial Crimes Enforcement Network (FinCEN). On December 3, 2024, a U.S. District Court judge in Texas issued a preliminary injunction:…