Client Alert: CTA Reporting Back on Hold After Fifth Circuit Court of Appeals December 26th Decision

Related Practices: Business and Estate Planning & Administration

A Fifth Circuit Court of Appeals review panel has once again blocked Corporate Transparency Act (CTA) reporting requirements for businesses pending a final decision by the panel on the constitutionality of the law. This order was issued December 26, 2024, and reversed an order from just three days earlier by a different group of Fifth Circuit judges that allowed the government to enforce CTA and BOI reporting pending the appeal.

The Stokes Lawrence team is continuing to monitor this closely and will share updates as they develop via email, on our website, and the firm’s LinkedIn page. If you have any questions about how this development may impact your compliance obligations, please contact a member of the Stokes Lawrence team.