On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a NATIONWIDE preliminary NATIONWIDE injunction against the Corporate Transparency Act (Act). See Texas Top Cop Shop, Inc., et al. v. Garland, et al. In the underlying case, the Plaintiff argued that Congress essentially “overreached” its authority over the States in compelling them to adopt the requirements of the Corporate Transparency Act. The U.S. District Court ultimately granted the Plaintiff’s request to preliminary enjoin the Government from enforcing the Corporate Transparency Act and its Implementing Regulations, ruling that “Neither may be enforced, and reporting companies need not comply with the CTA’s January 1, 2025, BOI reporting…

Continue Reading Urgent News! Corporate Transparency Act Compliance Enjoined by a Federal Court on December 3, 2024 – Compliance Stalled