TheCorporateCounsel.net

If you just clicked through your email about this morning’s blogs, this isn’t the blog you were expecting – and it’s not the one I originally wrote, because developments on the CTA front are breaking fast and furious.  On Monday, the 5th Circuit granted the DOJ’s request for a stay of a district court decision preliminarily enjoining enforcement of the Corporate Transparency Act on constitutional grounds.  But that stay has now been vacated by a new 5th Circuit merits panel.  Here’s a Bloomberg Tax article on the latest decision.

In response to the original 5th Circuit ruling granting the stay, FinCEN announced a brief extension of the January 1, 2025 filing deadline to January 13, 2025.  FinCEN hasn’t yet posted anything in response to the latest ruling vacating the stay. Isn’t this fun?  We’re posting law firm memos on the evolving drama in our “Beneficial Ownership” Practice Area.

– John Jenkins