Full-Service Law Firm solving complex challenges through bold thinking, precise execution, and shared purpose.

Full Service Law Firm | Michael Best & Friedrich LLP

Specializing in the Intersection of Business &amp; Government

Meet our team of trusted advisors, strategic thinkers, and community builders dedicated to client success.

Learn about our full-service legal and business solutions, designed to address complex challenges for leading organizations across industries.

Access thought leadership, news, and resources to stay informed about the latest trends, legal developments, and industry innovations.

Discover how partnership, bold thinking, and precise execution drive results for clients nationwide.

Explore how our national reach and local expertise support clients across the United States and beyond.

Grow at a firm designed to bring out your best.

Please read this notice in its entirety as it contains important updates to a prior alert that was issued regarding the enforcement of the Corporate Transparency Act (the “<strong>CTA</strong>”).

core/paragraph

Yesterday we published an alert noting that the preliminary injunction enjoining enforcement of the CTA had been stayed. However, as of December 26, 2024, enforcement of the CTA is once again enjoined, meaning reporting companies need not comply with its requirements while the appeal is heard. The appeal, however, remains expedited. If the federal government were to win the appeal, the CTA and its reporting requirements (“<strong>BOI Reports</strong>”) could soon be in effect again.

While the motions panel issued a stay on the preliminary injunction on December 23, 2024, effectively reinstating the CTA and BOI Reports (see our previous alert <a href="https://www.michaelbest.com/Newsroom/357602/Corporate-Transparency-Act-Beneficial-Ownership-Reporting-Requirements-Are-Back-in-Effect">here</a>), the merits panel has vacated that stay via order issued December 26, 2024.

The order states that “in order to preserve the constitutional status quo while the merits panel considers the parties’ weighty substantive arguments, that part of the motions-panel order granting the Government’s motion to stay the district court’s preliminary injunction enjoining enforcement of the CTA and the Reporting Rule is VACATED.”

Michael Best has attorneys who can advise companies on the issues relating to the CTA and can help those companies comply with their reporting requirements. Please contact a member of our team for more information.

Business professionals walking near the glass entrance of a modern office building with cityscape reflections.

Enforcement of the Corporate Transparency Act Enjoined Again While Appeal is Heard

Related People

Related Capabilities

You may also be interested in these

Trump Trade 2.0: Supreme Court Strikes Down IEEPA Use for Tariffs

Talking to AI About Legal Strategy May Waive Privilege

Wisconsin Manufacturer of the Year Awards Presented to Eight Manufacturers