Episode 50: CTA Enjoined
Good news just keeps on flowing out of the federal judiciary, as a District Court in Texas issued a nationwide preliminary injunction on Dec 3 enjoining the enforcement of the Corporate Transparency Act and the FINCEN beneficial ownership reporting requirement.
This means that means that FOR NOW, companies do not have to file beneficial ownership reports with FINCEN under the corporate transparency act.
Key Points From This Episode:
What’s a “preliminary injunction”?
What must a plaintiff prove to obtain one?
How did the district court analyze these elements here?
What happens next for the…
The skinny
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