Important Update Regarding Corporate Transparency Act (CTA)
Parasec
DECEMBER 9, 2024
This weekend, the Financial Crimes Enforcement Network (FinCEN) released a statement about the nationwide preliminary injunction that is temporarily stopping the enforcement of the Corporate Transparency Act (CTA). A recent federal district court order has paused the requirements to report beneficial ownership information (BOI), which went into effect on January 1, 2024.
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