Overview - Our previous client alerts have addressed the ongoing legal challenges and delays related to the Corporate Transparency Act (CTA). The CTA is a federal law that requires certain U.S. companies to report their...more
2/24/2025
/ Beneficial Owner ,
Business Entities ,
Business Ownership ,
Compliance ,
Corporate Transparency Act ,
Enforcement Actions ,
Filing Deadlines ,
FinCEN ,
Regulatory Requirements ,
Reporting Requirements ,
U.S. Treasury
A flurry of activity in the courts and guidance from FinCEN this week has the Corporate Transparency Act back in the news. However, the recent activity does not result in any immediate change for businesses. Filing beneficial...more
1/27/2025
/ Beneficial Owner ,
Business Entities ,
Corporate Transparency Act ,
Enforcement Actions ,
Filing Requirements ,
FinCEN ,
Preliminary Injunctions ,
Regulatory Requirements ,
Reporting Requirements ,
SCOTUS ,
U.S. Treasury
In 2024, the Corporate Transparency Act (CTA) became effective, requiring more than 30 million businesses to either file a beneficial ownership report with the U.S. Department of Treasury or claim an exemption. January 1,...more