Court Issued Nationwide Injunction Against the CTA (Corporate Transparency Act)

BREAKING - Court Issued Nationwide Injunction Against The CTA​

In today's video, I'll discuss a major update on the Corporate Transparency Act, following a recent national injunction that was entered just hours ago.
If you're unfamiliar with the Corporate Transparency Act, it requires entities to report beneficial ownership information to the U.S. government through FinCEN. This includes details about individuals with controlling authority or ownership in companies.
We'll explore the implications of a Texas court's decision to temporarily block the enforcement of the act.
This court ruling means that businesses now have a reprieve from complying with the filing requirements, at least for now.
Stay tuned for more updates as the case progresses and consult with your professionals to determine the best course of action for your business.

4:40

Prefer to read:

CTA Injunction Stayed - Court of Appeals Just Struck Down a Nationwide Injunction on BOI Filings​

Breaking News on the Corporate Transparency Act!

A major legal shift has occurred! The injunction that paused reporting requirements under the Corporate Transparency Act was lifted just today, December 23, 2024. This means businesses like LLCs, corporations, partnerships, and some trusts are now required to comply with reporting rules to FinCEN.

After the initial nationwide stay deemed the Act unconstitutional on December 3, an appellate court granted the government's emergency motion to reinstate reporting requirements. Stay tuned for crucial updates and guidance on what this means for your filing deadlines!

Stay tuned for more updates as the case progresses and consult with your professionals to determine the best course of action for your business.

- Texas Top Cop Shop v. Garland https://drive.google.com/file/d/16ssc...

14:19

This should ALL have been resolved in Courts BEFORE anything is allowed to go into effect. It's a Major problem with our system. You must be aggrieved BEFORE you have Standing. It's BS.