Article | by Denise Reyes

Enforcement Halted by Injunction

A Texas district court issued a nationwide preliminary injunction against the enforcement of the Corporate Transparency Act (“CTA”) on December 3, 2024. The injunction states that BOI reporting is no longer required and that noncompliance with the January 1, 2025, BOI reporting deadline cannot be enforced.

There is uncertainty as to whether the injunction will be overturned on appeal. Businesses should continue to monitor legal and administrative developments as further guidance could reinstate the reporting requirements. If the reporting is reinstated, please reference this article for a summary of the reporting requirements.

Geffen Mesher’s team is available to assist you with questions related to these updated rules. To learn more, please reach out to Denise Reyes at dreyes@gmco.com.