On December 3, 2024, a Federal Court in Texas issued a nationwide, preliminary injunction blocking the Corporate Transparency Act (Beneficial Ownership Information reporting) on the grounds that it may be unconstitutional under the Commerce Clause.  This ruling comes with less than 1 month until the filing deadline.

This means that at this time, there is no requirement to comply with the reporting requirements of the CTA on or before January 1, 2025.

Your CPA can keep you apprised of any updates as they are released, and advise on how to best proceed based. If you have questions about BOI reporting, leave a comment below or feel free to contact me directly. I'm happy to help.