On December 23, 2024, the United States Court of Appeals for the Fifth Circuit terminated the nationwide preliminary injunction originally issued by the United States District Court for the Eastern District of Texas,...more
12/27/2024
/ Appeals ,
Beneficial Owner ,
Business Entities ,
Corporate Transparency Act ,
Filing Deadlines ,
Filing Requirements ,
FinCEN ,
Preliminary Injunctions ,
Reporting Requirements ,
Stays ,
Time Extensions
The January 1, 2025, deadline imposed by the Corporate Transparency Act (CTA) for all “reporting companies” formed prior to 2024 to file their initial beneficial ownership reports with FinCEN is rapidly approaching. Given the...more
12/3/2024
/ Beneficial Owner ,
Compliance ,
Corporate Transparency Act ,
Deadlines ,
Documentation ,
Due Diligence ,
Financial Institutions ,
FinCEN ,
Know Your Customers ,
Penalties ,
Policies and Procedures ,
Reporting Requirements
Most smaller businesses newly formed or registered to do business in the United States will soon be required to file their initial beneficial ownership report with the federal Financial Crimes Enforcement Network (FinCEN),...more
7/18/2023
/ Beneficial Owner ,
Budgets ,
Compensation ,
Corporate Transparency Act ,
Debt ,
Dissolution ,
Equity ,
FinCEN ,
Incentives ,
Investment ,
Jurisdiction ,
Membership Interest ,
Mergers ,
Reorganizations ,
Reporting Requirements ,
Stocks ,
Trustees
Throughout US history, most businesses have been able to organize and operate without needing to disclose their ownership or management. This privacy afforded to businesses and their management, along with the protection of...more