CTA requirements on again off again this week – Currently still on hold

In one week over the holidays, the courts have reversed decisions twice on the subject of the Corporate Transparency Act and corporate Beneficial Ownership Information Reporting (BOIR) filing requirements.

On December 23rd, the requirements were put back in place by the Federal Court of Appeals for the 5th Circuit with a new filing deadline of January 13th.

On December 26th, the Court changed its mind and vacated its stay pending oral arguments, pressing the pause button once again.

However, the Court might switch again after hearing oral arguments. Due to the uncertainty surrounding this filing requirement, we recommend that you gather your Beneficial Ownership information and be prepared in the event you are required to file quickly to meet a deadline.

Should you wish to file your BOIR now and would like our assistance with that filing or other business and corporate related matters, please contact your attorney or Kim, Lahey & Killough attorney Emily Bohan or Tony Nolte.

Please note that Kim, Lahey & Killough will not file a BOI report for you or arrange to have a BOI report filed for you unless you reach out to us directly to request assistance.

For more information, please visit https://kimandlahey.com/practice-areas/corporate-transparency-act/