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CTA Update: BOI Reporting Requirements Reinstated
On December 23, 2024, the US Court of Appeals for the Fifth Circuit issued an order in Texas Top Cop Shop Inc. v. Garland, granting the government's emergency motion for a stay pending appeal of the preliminary injunction that had paused enforcement of the Corporate Transparency Act (CTA). This order effectively reinstates the CTA's requirements, including the Beneficial Ownership Information (BOI) reporting requirements for many US entities.
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