5th Circuit Reinstates the Corporate Transparency Act

The Corporate Transparency Act (CTA) has been reinstated by the United States Court of Appeals for the Fifth Circuit, lifting the preliminary injunction in the Texas Top Cop Shop case. All reporting companies formed prior to January 1, 2024 must file their initial beneficial ownership report by December 31, 2024. In addition, reporting companies formed during calendar 2024 have to file their initial reports within 90 days of their formation date. To read the full order, click here. Williams Mullen will continue to monitor the impact of this ruling and will provide updates and alerts when warranted.