Robert A. Heinlein

“The universe never did make sense; I suspect it was built on government contract.”

Milton Berle

“A committee is a group that keeps minutes and loses hours.”

Named After the Goddess of Love

Named after the goddess of love in Roman mythology,  Venus is the hottest planet in our solar system, with an average temperature around 867 degrees Fahrenheit (464 degrees Celsius).

Although Mercury is closest to the Sun, Venus, which orbits the Sun from an average distance of 67 million miles (108 million kilometers), is the hottest, due to the strong greenhouse effect of a thick carbon dioxide atmosphere.

It takes sunlight about six minutes to travel from the Sun to Venus. To put this in perspective, here on Earth when we see the Sun rise in the morning, it has actually already been above the horizon for 8 minutes, and when we see the sun set, it had already dipped below the horizon 8 minutes before! We are looking at light that left the Sun, 93 miles away from Earth, 8 minutes earlier.

 

 

Abba Eban

“A consensus means that everyone agrees to say collectively what no one believes individually.”

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Injunction is Back ON; CTA is OFF Again!!

In the “you can’t make this up” category, the Fifth Circuit Court of Appeals has just issued an order VACATING its stay of the injunction applicable to the enforcement of filing requirements under the Corporate Transparency Act.  You can read the order right here Texas Top Cop Shop v Garland 24-40792 (5th Circuit; Stay Vacated).

In other words, the original order enjoining the enforcement of FINCEN’s filing requirements is back on, pending a review of the merits!!

The appeal is now scheduled for oral argument in March (2025).

For reference see:  Injunction is ON; CTA is OFF

and then see:  Injunction is OFF; CTA is Back ON

Now read this post Injunction is Back ON; CTA is OFF Again!!

Hans Christian Andersen

The original story of The Little Mermaid was a fairy tale written by Hans Christian Andersen in 1837.  The story revolves around Ariel, a mermaid princess, who becomes fascinated with the world of humans and after saving Prince Eric from a shipwreck, strikes a bargain with Ursala, the sea witch, to enable her to walk on land.  You’ll have to read the fairy tale or watch either or both motion pictures to find out how the story ends!

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CTA Update

Following up on our recent posting concerning the CTA (see CTA On Hold in the US, But . . .   posted on December 9, 2024).

Earlier today (December 23, 2024), the United States Court of Appeals for the Fifth Circuit Order (24-40792) issued its order in response to the emergency appeal by the US government, concerning the nationwide injunction preventing the enforcement of filing requirements under the Corporate Transparency Act (CTA).

In short, the 5th Circuit Court held that since the government met its burden under Nken v. Holder, 556 U.S. 418 (2009), the government’s motion for a temporary stay of the district court’s order and injunction pending appeal was granted. In plain English, the order lifts the injunction imposed by the District Court.

Given the timing of this ruling, FINCEN issued an ALERT updating its Beneficial Ownership Information Reporting deadlines and providing some extensions:

  • The due date for pre-existing companies has been shifted from January 1st to January 13th;
  • For companies that had an initial filing due date while the injunction was in place, their initial filing deadline is now also January 13th;
  • For any company formed while the injunction was in place, FINCEN has allowed an additional 21 days to make their initial filing (i.e., the filing due day changes from 90 days to 111 days); and
  • For any company formed on or after January 1, 2025, the initial filing date will remain as 30 days from notice of formation.

While the 5th Circuit Court’s order lifts the injunction that was previously in effect, this doesn’t decide the matter on its merits and a full hearing and decision is still on the way.  Stay tuned.