On March 2, 2025, the U.S. Department of the Treasury announced it will not enforce the Corporate Transparency Act (CTA) against U.S. citizens, domestic reporting companies, or their beneficial owners under the current or forthcoming reporting rules. Instead, the Treasury plans to amend the CTA to apply only to foreign reporting companies.

Key takeaways:

✅ Domestic reporting companies—corporations, LLCs, and other entities created by state or tribal filings—are no longer required to comply.

✅ Foreign reporting companies should continue monitoring updates for new compliance requirements.

If we were in the process of preparing your filing, we have halted all work thereon.

If you have questions, reach out to schedule a consult with our attorneys.