Now that 2024 is behind us and the New Year begins to unfold, it is beneficial to explore the issues and trends that the roofing industry has seen in recent months. It is equally essential to look ahead and prepare for what 2025 may bring.
The on-again, off-again requirements of the Corporate Transparency Act kept us on our toes in 2024. For months, businesses prepared for and submitted their beneficial ownership reports. Then an injunction was granted, only to be overturned, and then reinstated. As we rang in 2025, the issue was on hold, and we expect the Fifth U.S. Circuit Court to review the constitutionality of the CTA and determine the validity of the nationwide injunction. Briefings are set to conclude by Feb. 28, and oral arguments are planned for March 25, meaning that a resolution is unlikely before the end of the first quarter. It is hard to predict if the Trump White House will influence the court’s actions, but there have been suggestions that the CTA will cease to exist as part of the Trump deregulation agenda.
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