On December 26, 2024, the Fifth Circuit Court of Appeals reversed its December 23, 2024, decision, reinstating the district court’s injunction blocking enforcement of the Corporate Transparency Act (CTA) and its implementing regulations. Texas Top Cop Shop, Inc. v. Garland, No. 4:24-cv-00478 (E.D. Tex. Dec. 3, 2024)
Considering the Fifth Circuit’s December 26, 2024, ruling reporting companies are not required to file beneficial ownership information reports pending a final decision on the constitutionality of the CTA’s reporting requirements.