CTA Letter
A Federal District Court in Texas has declared the Corporate Transparency Act to be unconstitutional and has enjoined the Treasury Department from enforcing the Act. Unlike other injunctions regarding the CTA that only applies to the Plaintiffs, this injunction applies to everyone.
I do not know what an appeals Court will do regarding this injunction, if the injunction will be lifted at some point, nor if the underlying law will be changed. Further, for those of us in Florida, the filing deadlines for most entities was extended to the Spring due to the hurricanes. So, in any event, we have some breathing room. Do stay alert in case the injunction is lifted.
Michael A. Lampert, Esq. 12/04/2024