Court Ruling Requires Corporate Transparency Act (CTA)

SECOND UPDATE: After the update below was sent, on Thursday, December 26 a different panel within the Fifth Circuit Court of Appeals reversed the previous ruling and reinstated the national injunction against the enforcement of the Corporate Transparency Act.

While the ultimate outcome of the CTA remains in limbo, neither the original filing deadlines nor the extended filing deadlines announced on December 23 are in effect.

Stay tuned for further updates.

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A December 23rd ruling by the U.S. Circuit Court of Appeals on the Corporate Transparency Act (CTA), an anti-money laundering law, will now require millions of small business owners to register with the Financial Crimes Enforcement Network (FinCEN) by January 13th. 

​This ruling may require immediate action from many of our members. 

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