On December 3rd, the United Stated District Court for the Eastern District of Texas held on a preliminary basis that the Corporate Transparency Act is likely unconstitutional and issued a preliminary injunction that prohibits enforcement of the CTA for the time being. As such, so long as the preliminary injunction remains in effect, no reporting company is required to file a report under the CTA. The future of the preliminary injunction is unclear, as is the timetable for reporting that will go into effect if it is lifted. Given the ongoing uncertainty, clients who were required to report should consult with us to determine their best action until these issues are resolved.