On December 3, 2024, the United States District Court for the
Eastern District of Texas granted a preliminary injunction
in Texas Top Cop Shop, Inc., et al. v. Merrick Garland,
Attorney General of the United States, et al., No. 4:24-CV-478
(E.D. Tex. filed Dec. 3, 2024) (“Texas Top Cop
Ruling”) which enjoined the enforcement of the Corporate
Transparency Act (31 U.S.C. § 5336) (the
“CTA”) and the CTA's related reporting
rule (31 C.F.R. 1010.380) (the “Reporting
Rule”). The Court stayed the requirement for reporting
companies to file beneficial ownership reports under 31 U.S.C.
§ 5336(b)(2), which included the requirement for reporting
companies formed before January 1, 2024 to file their report by
January 1, 2025.
