Injunction Preventing FinCEN’s Enforcement of Corporate Transparency Act Stands
It’s been a legal rollercoaster ride for the Corporate Transparency Act (CTA). Heading into December, a majority of business owners and operators in the U.S. were responsible for filing an initial beneficial ownership information (BOI) report with the Financial Crimes and Enforcement Network (FinCEN) pursuant to the CTA by December 31, 2024.