On December 26, 2024, mere days after the Fifth Circuit Court of Appeals (“Fifth Circuit”) stayed the nationwide injunction blocking the enforcement of the Corporate Transparency Act (“CTA”), the Fifth Circuit vacated the stay. As a result, the injunction is back in effect and all beneficial ownership reporting filing deadlines have been suspended indefinitely while the injunction is in place.
Rich May is continuing to monitor developments of the CTA and will be available to assist with filing beneficial ownership reports with FinCEN if and when the injunction is lifted.
Disclaimer: This summary is provided for educational and informational purposes only and is not legal advice. Any specific questions about these topics should be directed to attorney Kayla Perry.
© 2024 by Rich May, P.C. and Kayla Perry. All rights reserved.
About Rich May. P.C.
Rich May, P.C., a law firm founded in 1937 and located in the heart of Boston’s financial district, concentrates its practice on corporate, financial, civil litigation, energy, real estate, entertainment and wealth planning matters. The firm’s clients include a broad group of businesses in New England and throughout the country. Rich May provides the breadth and depth of expertise generally associated with large, national firms, while maintaining the prompt, personal service found in smaller, regional firms. Rich May’s clients have direct access to experienced attorneys who are familiar with both the client and the area of inquiry and can provide timely and practical legal solutions.
Rich May has been elected and admitted as a member of Ally Law. This membership, which provides affiliations with more than 2,800 lawyers at over 70 firms in 50 countries, supplements our ability to assist clients throughout North America and around the world.
