Temporary Hold on Beneficial Ownership Filing: Impacts and Next Steps

Hi! I’m Stephanie Rodin, host of the Speaking with Steph podcast. In this episode, I want to cover a crucial update on the beneficial ownership interest filing. A recent U.S. District Court ruling has temporarily paused the enforcement of this filing. We'll discuss what this means for you, whether you've already filed or still need to. 

In this episode, we discuss:

• The Beneficial Ownership Interest filing requirement and its enforcement status.

• Legal entities formed before January 1, 2024, were originally required to file by December 31, 2024, to avoid penalties and fines.

• The enforcement has been temporarily blocked as of December 3, 2024, by a U.S. district court ruling in the case of Texas Top Cop Shop, Inc. v. Garland.

• The suspension of the filing requirement is temporary, and it’s unclear whether it will become permanent or lifted, potentially introducing a new filing deadline.

• The filing requirement was created as part of the Corporate Transparency Act to prevent shell companies and gather information about the owners of legal entities.

 

Stephanie  Rodin is the founder and principal of Rodin Legal, P.C. and has been practicing law since 2000, with a majority of that time assisting the healthcare practitioner.

Starting from a young age, Stephanie has been exposed to the medical/dental field, as her immediate family all practice within the healthcare field. As a result, she was surrounded by various medical and legal issues that routinely arose during the practice of medicine and dentistry. This provided Stephanie with the expertise that serves as the foundation of her legal practice. Rodin Legal, P.C. caters to these legal complexities and is dedicated to the growth of professional practices.

Website: https://rodinlegal.com/
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