How the Texas Court Ruling Affects Businesses Corporate Transparency Act on Hold
Garland , the plaintiffs argued that the CTA exceeds Congress’ constitutional authority under the Commerce Clause. The reporting requirements under the CTA were found to be unconstitutional, and it was concluded that the Act improperly imposes information disclosure requirements unrelated to regulating commerce, even if anonymous corporate activity could fall under Congress’ purview. For business owners, this ruling creates uncertainty for CTA requirements. With the Jan. 1, 2025, deadline for BOI reporting requirements now in effect, companies that were preparing to file (or that have already filed) and have paid legal fees to do so may feel like the rug was pulled out from under them. WHAT THIS MEANS FOR YOUR BUSINESS
In yet another twist for the implementation of the Corporate Transparency Act (CTA), a federal court in Texas issued a preliminary nationwide injunction blocking the law. This halts the implementation of the entire CTA, including the new Beneficial Ownership Information (BOI) reporting requirements set to take effect at the beginning of January 2025. The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) announced the CTA as part of an ongoing effort to combat financial crimes. This breaking development has created uncertainty for businesses nationwide, with compliance deadlines in limbo and potential appeals looming. TEXAS TOP COP SHOP, INC. V. GARLAND The decision stems from a lawsuit filed by Texas Top Cop Shop, Inc., a family- run firearms retailer, alongside other businesses and the Libertarian Party of Mississippi. In Texas Top Cop Shop, Inc. v. SUDOKU
injunction or at least lessening its scope. For now, businesses that have either already filed or are preparing to file should remain on the lookout for additional news. We advise that all business owners remain vigilant and in touch with their attorneys. The CTA’s goals, while currently halted, reflect ongoing government interest in combatting financial crimes through increased transparency. Even with this ruling, the need for thoughtful recordkeeping and compliance measures has not disappeared. CUT THROUGH THE CONFUSION WITH DAHL LAW GROUP At Dahl Law Group, we understand the uncertainty this ruling brings to your business operations. Staying ahead of changing regulations is challenging, but we’re here to help you confidently handle these evolving challenges. Contact our team at our Sacramento and San Diego offices to stay ready for what comes next.
The Justice Department may appeal the ruling, potentially reversing the latest
Skillet Chicken in Creamy Sun-Dried Tomato Sauce
Inspired by LeCremeDeLaCrumb.com
Ingredients • 2 tbsp butter • 5 boneless, skinless chicken thighs • 3 garlic cloves, minced • 2 tbsp herbes de Provence • 3/4 cup canned sun-dried tomatoes, drained and julienned
• 2/3 cup shredded Parmesan cheese, plus more for serving
• 2 tbsp lemon juice • 1/4 cup pine nuts • 1 cup spinach
• Fresh thyme, for topping • Salt and pepper to taste • Cooked rice or linguine, for serving
• 1 cup chicken broth • 1/2 cup heavy cream
Directions 1. Melt butter in a large skillet over medium heat. Add chicken and cook for 7–8 minutes until browned and cooked through. Remove and set aside. 2. In the same pan, add garlic, herbes de Provence, tomatoes, chicken broth, cream, Parmesan cheese, lemon juice, pine nuts, and spinach and stir to combine. Bring to a boil, and stir periodically until thickened and spinach is wilted, about 3 minutes. 3. Return chicken to the pan and top with salt, pepper, more Parmesan cheese, and thyme, and serve over rice or linguine.
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