Corporate Transparency Act (CTA)

On December 3, 2024, the U.S. District Court for the Eastern District of Texas (Texas Top Cop Shop, Inc., et al. v. Garland, et al), granted a preliminary injunction. This is an order that temporarily prevents the government from enforcing the Corporate Transparency Act to include reporting requirements of Beneficial Ownership Information (“BOI”).

This means that the January 1, 2025, due date for filing has been temporarily suspended. Filing Requirements may change in the future, pending further litigation. Ott & Associates will continue to monitor this matter and provide updates as they become available.