William Jay

Dec 5, 2024 | mondaq.com | William Jay |Samantha Kirby |David Sikes |Andrew Pierce Boulay

On December 3, 2024, a United States district court in the Eastern District of Texas preliminarily enjoined the enforcement of the Corporate Transparency Act ("CTA") in its entirety nationwide, and also specifically stayed the reporting deadline of January 1, 2025 for reporting companies formed or registered to do business in the U.S. before January 1, 2024.1 In our view, the US Department of Justice is likely to appeal this injunction in the coming days.

Dec 5, 2024 | jdsupra.com | William Jay |Samantha Kirby |Andrew Pierce Boulay

On December 3, 2024, a United States district court in the Eastern District of Texas preliminarily enjoined the enforcement of the Corporate Transparency Act (“CTA”) in its entirety nationwide, and also specifically stayed the reporting deadline of January 1, 2025 for reporting companies formed or registered to do business in the U.S. before January 1, 2024.1In our view, the US Department of Justice is likely to appeal this injunction in the coming days.