Corporate Legal Alert – BOI Filing Requirements Under the CTA Once Again on Hold

In an unexpected turn of events, the merits panel of the Fifth Circuit Court of Appeals on December 26 reinstated a nationwide injunction halting the Corporate Transparency Act’s (CTA) Beneficial Ownership Information Reporting (BOIR) requirements. This decision marked a stark reversal from just three days earlier, when the court had granted the government’s motion to “stay” the preliminary injunction, effectively reinstating the filing requirements.

While the legal battle continues, this means that businesses are no longer required to file the BOI report by January 13, 2025.

At Estrella, LLC, we will continue to monitor this case and further developments to keep your business updated.