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As of December 23, 2024, the U.S. Court of Appeals for the Fifth Circuit has lifted the nationwide injunction that previously halted the enforcement of the Corporate Transparency Act (CTA).
The Financial Crimes Enforcement Network (FinCEN) has announced that reporting companies created before January 1, 2024, are now required to file their beneficial ownership information by January 13, 2025.
Non-compliance with these reporting requirements may result in civil or criminal penalties.
It is imperative that you prepare to meet this deadline to avoid penalties
We will keep you abreast of further information as it develops.
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