COGENCY GLOBAL Blog BREAKING NEWS: December 27 2024 - CTA BOI Reporting is Voluntary ONCE AGAIN

What this is: On December 26, 2024, the Fifth Circuit Court of Appeals reversed its order lifting the nationwide preliminary injunction on Corporate Transparency Act (CTA) enforcement.What this means: This puts the injunction back in effect and makes the filing of beneficial ownership information reports (BOIRs) under the CTA voluntary again while the injunction remains in force.