Tag: Beneficial Ownership Information

Important BOI Update: Nationwide Injunction Delays Corporate Transparency Act Reporting Deadline

Important BOI Update: Nationwide Injunction Delays Corporate Transparency Act Reporting Deadline

On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction, temporarily halting the enforcement of the Corporate Transparency Act (CTA) and its Beneficial Ownership Information (BOI) reporting requirements. This decision delays the January 1, 2025, compliance deadline for reporting companies formed before 2024. Key Implications for Businesses: Recommendations for Businesses: How…

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