Corporate Transparency Act – US Supreme Court Ruling – Injunction Still In Place

The date of this alert is February 4, 2025. Well, the circus continues. In December 2024, the federal government filed an appeal with the U.S. Supreme Court in attempting to stay a nationwide preliminary injunction in the enforcement of the Corporate Transparency Act (the “Act”). The U.S. Supreme Court ruled on January 23, 2025 that the nationwide preliminary injunction put in place by an appellate court should be stayed and the Act should be enforceable during the appeal of the case. BUT, in the beginning of January 2025, a second federal court entered a nationwide preliminary injunction. This second nationwide preliminary injunction is still in place. So, compliance with the Act is stayed while this second preliminary injunction is still in place. What a mess.

It is currently FinCen’s position that while this second preliminary injunction is in place, compliance with the Act is voluntary. If you have any questions or if you would like to further discuss, do not hesitate to be in contact. As developments occur, I will be back in touch.

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Chris Corpus

Founding Partner at Corpus Law Inc

This article does not provide legal advice or create an attorney-client relationship. If you have any questions or would like to learn more about this topic or if you have other legal questions, do not hesitate to contact Chris Corpus, Esq. of Corpus Law Inc at 216-973-2475. Copyright Christopher A. Corpus 2024.