Reporting under the CTA is on again! The ping-pong game regarding compliance with the Corporate Transparency Act (CTA) continues. On February 17, 2025, the U.S. District Court for the Eastern District of Texas granted the government’s motion to stay the nationwide injunction that had previously halted enforcement of the Corporate…
BOI Reporting The landscape on the requirements for reporting under the Corporate Transparency Act has changed again. The requirement that companies report Beneficial Ownership Information (BOI)—details about people who are senior officials and/or own at least 25% of the company—to the U.S. Financial Crimes Enforcement Network (FinCEN) remains voluntary for…
Corporate Transparency Act Updates WHO’S ON FIRST? ANOTHER UPDATE ON THE CORPORATE TRANSPARENCY ACT New Reporting Deadlines and Ongoing Legal Drama On December 23, 2024, a federal appeals court granted a stay over the nationwide injunction issued by a federal court which flipped the requirements for filing around (again!). The…