Although the Supreme Court recently ruled to lift one nationwide injunction on filing requirements under the Corporate Transparency Act, a separate injunction by a different federal judge remains in place.
The Financial Crimes Enforcement Network has announced that, because of this ongoing litigation, reporting companies currently are not required to file beneficial ownership information and are not subject to liability while the Smith order remains in place. NRCA recently sent a letter to President Trump and Vice President Vance requesting they provide relief to millions of small-business owners by indefinitely delaying the Corporate Transparency Act.
For more information and timely updates, visit https://fincen.gov/boi.
