To:  Clients and Friends of Fox Swibel Levin & Carroll LLP

Only days after a Fifth Circuit panel lifted the injunction on the Corporate Transparency Act (CTA), another Fifth Circuit panel has reinstated the injunction. Once again, the federal government is prohibited from enforcing the CTA, and filing of beneficial ownership information is now voluntary.

The Fifth Circuit scheduled arguments for March 25, 2025 on the merits of the government’s appeal. We still advise that companies continue to seek guidance from counsel regarding the applicability of the CTA and to gather required beneficial ownership information in order to facilitate timely compliance.

If you have any questions about the CTA and this development, please contact David Morris ([email protected]) or Marcus Lind-Martinez ([email protected]). Thank you.

This article contains material of general interest and should not be construed as legal advice or a legal opinion on any specific facts or circumstances.  Under applicable rules of professional conduct, this content may be regarded as attorney advertising.