Client Alert: Corporate Transparency Act Reporting Requirements are Back in Effect
On January 23, 2025, the U.S. Supreme Court granted the government’s motion to stay the nationwide injunction suspending enforcement of the Corporate Transparency Act (“CTA”) that was previously issued by the U.S. District Court for the Eastern District of Texas in the case of Texas Top Cop Shop, Inc. v. McHenry (formerly Texas Top Cop Shop, Inc. v. Garland). While the government’s motion was pending before the Supreme Court on the McHenry case, the U.S. District Court for the Eastern District of Texas issued a second nationwide injunction suspending CTA enforcement on January 7, 2025 in connection with a separate case (Smith v. U.S. Department of the Treasury). Read more here.
About the Authors
Brian W. Bisignani is a Principal and Chair of the Firm's Bankruptcy & Creditors' Rights Group. His practice encompasses the areas of business reorganizations and financial restructurings, commercial bankruptcy law and litigation, commercial loan restructurings, and corporate and business law.
Ryan W. Morris is an Associate in the firm's Corporate Practice Group. He concentrates his practice in the areas of business and corporate law, with an emphasis on assisting clients with matters related to entity formation and governance, regulatory compliance, corporate transactions, and general business counseling. As part of his practice, Mr. Morris routinely reviews, drafts and negotiates complex commercial contracts and agreements, and advises businesses on long-term strategies for the development and protection of their intellectual property and branding through the use of copyrights, trademarks, and trade secrets. Mr. Morris's clients include both public and privately-held for-profit companies and nonprofit organizations of varying sizes, with operations spanning multiple industries, including health care, banking and financial services, retail and hospitality, manufacturing, construction, transportation, consulting, and professional services.