The Corporate Transparency Act (the “CTA”)[1] is back in effect as the last injunction restraining its enforcement was stayed on February 18, 2025. For most companies, the reporting deadline will be March 21, 2025, unless the company was already eligible to file on a later date because of a disaster relief or similar extension. See FinCEN’s full February 18, 2025, release for more details.[2]
Williams Mullen will continue to monitor the impact of subsequent actions by the courts and any ensuing appeals along with FinCEN’s implementation of the CTA. We will provide updates and alerts when warranted.
[1] The CTA was enacted into law on January 1, 2021, as part of the Anti-Money Laundering Act of 2020. See, William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021, Pub. L. 116-283, 134 Stat. 3388 §§ 6001-6511 (2020).
[2] See FinCEN Notice located here.
