In today’s rapidly evolving business landscape, many companies are seeking ways to operate not just for profit, but also for a purpose. Arizona has embraced this movement through its recognition of Benefit Corporations, a...more
On March 21, 2025, FinCEN issued an interim final rule declaring that U.S. companies are no longer included in the definition of a “reporting company” under the Corporate Transparency Act (“CTA”). This means that U.S....more
There has been a recent development in the ongoing ride that is the Corporate Transparency Act (“CTA”). A U.S. District Court ruling as of February 18, 2025 put the CTA back into effect with a filing deadline of March 21,...more
2/24/2025
/ Beneficial Owner ,
Business Entities ,
Compliance ,
Corporate Governance ,
Corporate Transparency Act ,
Filing Deadlines ,
FinCEN ,
Regulatory Requirements ,
Reporting Requirements ,
Small Business ,
U.S. Treasury
“In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in...more
1/7/2025
/ Appeals ,
Beneficial Owner ,
Business Entities ,
Corporate Transparency Act ,
FinCEN ,
Injunctions ,
Preliminary Injunctions ,
Reporting Requirements ,
Stays ,
U.S. Treasury ,
Vacated
The Corporate Transparency Act (CTA) plays a vital role in protecting the U.S. and international financial systems, as well as people across the country, from illicit finance threats like terrorist financing, drug...more