Alerts12.26.24
CTA Deadline Extended to Jan. 13, 2025, After Stay of Injunction by Fifth Circuit
Highlights
FinCEN has extended the beneficial ownership information (BOI) report filing deadline to Jan. 13, 2025, after initially setting it for Jan. 1
This comes as the Fifth Circuit granted a stay of injunction that suspended enforcement of the Corporate Transparency Act (CTA) and its BOI Reporting Rule
The stay reinstitutes obligations under the CTA to file initial BOI reports
On Dec. 23, 2024, the U.S. Court of Appeals for the Fifth Circuit granted a stay of the injunction issued earlier this month that halted enforcement of the Corporate Transparency Act (CTA) and its Beneficial Ownership Information Reporting Rule. The stay by the Court of Appeals restored the initial CTA filing deadline for companies formed before 2024 of Jan. 1, 2025.
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