U.S. Court of Appeals Reinstates Injunction on BOI Reporting Deadline

In the ongoing case of Texas Top Cop Shop, Inc. v. Garland, No. 4:24-CV-478, 2024 WL 5049220 (E.D. Tex. Dec. 5, 2024), the U.S. Court of Appeals for the Fifth Circuit has issued a significant ruling. On 26 December 2024, the court overturned the government’s emergency motion for a stay of the preliminary injunction, thereby reinstating a nationwide injunction against the enforcement of the Corporate Transparency Act’s (CTA) Beneficial Ownership Information (BOI) reporting requirements.

The reinstatement means that, for the time being, the BOI reporting deadline remains temporarily suspended until further proceedings. Specifically, the appellate court highlighted that the injunction aims to preserve the constitutional status quo pending further consideration of the merits by the appellate panel.

While this development provides temporary relief for affected entities, we continue to recommend that businesses prepare for potential compliance with BOI reporting obligations to avoid future disruptions.

[Our team is closely monitoring the case and will provide timely updates as the situation evolves. Contact us for specific guidance on your situation.]