As the January 1, 2025 deadline for businesses to report their beneficial owners to the Financial Crimes Enforcement Network (FinCEN) nears, a federal judge in Texas has issued a preliminary injunction blocking enforcement of the requirement. The order states that covered companies nationwide do not need to comply with the January 1st reporting deadline, unless a higher court reverses the order. We encourage you to visit with your legal counsel to determine the best course of action on filings that you have not yet completed, and to keep up to date on any future changes to the injunction.