To all of our clients who have filed or are in the process of filing a Beneficial Ownership Information Report (BOI) under the Corporate Transparency Act (CTA), this is an update on the CTA.
The US District Court for the Eastern District of Texas issued a nationwide preliminary injunction yesterday on the Beneficial Ownership Information Report(BOI) filings under the CTA that are due by December 31st. It could be that the filings will be (a) permanently blocked, (b) delayed but still eventually required, or (iii) required by December 31st if the injunction is lifted/reversed. We do not know what the final resolution of the court case will be. Maybe you still want to file the BOI report (see below) or you may want to sit tight and let this play out in the courts.
If you have filed the BOI report under the CTA, that is OK. At the time of the filing, the filing was still permitted (and for some, required).
If you have recently have provided the information to complete the reporting, please contact Michelle Burbach (mburbach@buckleyfinelaw.com) letting her know whether you still want to have the BOI report filed. If we do not hear from you, we will not proceed with the filing.