Businesses are back on the hook for submitting beneficial ownership reports in January, but there's a new extension to give companies some leeway.

Under the law, corporations and LLCs were required to report information concerning their beneficial owners to the U.S. Treasury Department.

On December 23, 2024, the Fifth Circuit Court of Appeals granted the Department of Justice’s motion to lift the December 3, 2024 injunction issued by the U.S. District Court for the Eastern District of Texas in Texas Top Cop Shop,