Back in January, the United States Supreme Court lifted the injunction that had been in place since the end of December 2024. Despite the Supreme Court’s action, a federal district court in Eastern Texas had imposed another injunction so individuals and business owners did not have to register their entities. On February 18, 2025, the U.S. District Court for the Eastern District of Texas granted the Department of Justice’s request in Smith, et. al. v. U.S. Department of the Treasurer, et al., 6:24-cv00336 (E.D. Tex.) to stay the nationwide injunction under the Corporate Transparency Act. With this new order, once again, individuals and business owners are now required to register their business (i.e., corporation or limited liability company) with FinCEN.

NEW DEADLINE

FinCEN has announced on its website that the new deadline for all reporting companies to register with FinCEN is March 21, 2025. It is unclear whether this deadline will be modified by FinCEN. FinCEN has acknowledged that they want to reduce the regulatory burden on small business and focus on those entities that pose the most significant national security risks. It is also unknown whether any further injunctions in this case or any other pending cases involving the Corporate Transparency Act will be issued in the future.

If you have any questions or want our assistance with registering your limited liability company or corporation with FinCEN, please contact Attorney Allison R. Lane.