
Scott H. Novak
Partner
201-896-7240 snovak@sh-law.comClient Alert
Author: Scott H. Novak
Date: December 26, 2024

Partner
201-896-7240 snovak@sh-law.com
FinCEN Beneficial Owner Reporting Must be Completed by January 13 for pre-2024 Companies
On December 23, 2024, the 5th Circuit Court of Appeals lifted the injunction that stayed the enforcement of the Corporate Transparency Act put into place by a federal judge in Texas. The result is that if you are required to file a Beneficial Owner’s Report with FinCEN by year-end (entities that were in existence prior to 2024), you must accomplish that filing no later than December 31 to avoid potential penalties.
Please call us if you have questions or would like assistance with a filing.
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