Important Update Part 2: Corporate Transparency Act & Beneficial Ownership Filings
In December 2024, we wrote a blog post regarding the Corporate Transparency Act (CTA). A federal district court in Texas had issued a nationwide injunction blocking enforcement of the CTA’s reporting requirements. This injunction has now been overturned on appeal. This means that the CTA’s beneficial ownership reporting requirements are once again in effect. As […]
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Important Update: Corporate Transparency Act & Beneficial Ownership Filings
In January 2024, we wrote a blog post regarding the Corporate Transparency Act (CTA) and its reporting requirements. The CTA would have required many businesses—including corporations, limited liability companies, and other entities created by state filings—to report information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN). On December 3, 2024, the U.S. […]
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