BOI Filing Requirement Suspended
On Tuesday, December 3, 2024, in the case of Texas Top Cop Shop, Inc., et al. v. Garland, et al.,
No. 4:24-cv-00478 (E.D. Tex.), a federal district court in the Eastern
District of Texas, Sherman Division, issued an order granting a
nationwide preliminary
injunction that: (1) enjoins the CTA, including enforcement of that
statute and regulations implementing its beneficial ownership
information reporting requirements, and, specifically, (2) stays all
deadlines to comply with the CTA’s reporting requirements.
Therefore, reporting companies are not currently required to file
their beneficial ownership information with FinCEN and will not be
subject to liability if they fail to do so while the preliminary
injunction remains in effect.
For more information about BOI please go to https://www.fincen.gov/boi.