NEW CORPORATE TRANSPARENCY ACT UPDATE: Supreme Court of the United States Stays the Preliminary Injunction Blocking Enforcement of the CTA

On January 23, 2025, the Supreme Court of the United States issued a stay on the preliminary injunction that temporarily blocked enforcement of the Corporate Transparency Act (“CTA”) and its reporting rule on a nationwide basis.  This stay will remain in effect until the U.S. Court of Appeals for the Fifth Circuit renders a decision…