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12/04/2024
BOI REPORTING ON HOLD!!!
2024-58: COURT PUTS BOI REPORTING ON HOLD
FOR ALL BUSINESSES
The court ruled that Congress exceeded its authority in enacting the CTA, resulting in an unconstitutional infringement on states’ rights to regulate businesses.
The court granted a nationwide injunction prohibiting FinCEN from enforcing the January 1, 2025, reporting deadline for all reporting companies. The opinion is available at:
www.caltax.com/files/2024/ttcsvgarland.pdf
www.caltax.com/news/flash-email/2024-58-court-puts-boi-reporting-on-hold-for-all-businesses/
**INFORMATIONAL PURPOSE**
A federal district court in Texas issued a nationwide preliminary injunction against enforcing the beneficial ownership reporting requirements mandated by the Corporate Transparency Act (CTA). (Texas Top Cop Shop v. Garland (December 3, 2024) U.S. Dist. Ct., Eastern Dist. Of Texas, Case No. 4:24-CV-...