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Corporate Counsel › Reporting Requirements › Business Ownership

Mayer Brown

Next Steps for Companies that Filed CTA Reports

Mayer Brown on

Millions of reporting companies breathed a sigh of relief on March 21, 2025, when the US Financial Crimes Enforcement Network (“FinCEN”) issued an interim final rule (the “IFR”) that exempted all domestic entities from...more

Clark Hill PLC

CTA Back in Effect – Reports Now Due March 21

Clark Hill PLC on

On Feb. 18, the U.S. District Court in Smith, et al v. U.S. Dept. of Treasury stayed the last remaining nationwide injunction on enforcement of the Corporate Transparency Act. After this court action, FinCEN announced that...more

Ruder Ware

The CTA Journey – It Goes On and On and On

Ruder Ware on

The Corporate Transparency Act (“CTA”) has been on a journey this past month with a whirlwind of court rulings: halted by a federal district court, reinstated by the Fifth Circuit’s motions panel, had its reporting deadlines...more

Skadden, Arps, Slate, Meagher & Flom LLP

After Nationwide Injunction of Corporate Transparency Act, FinCEN Suspends Reporting Requirements as Four Circuits Grapple With...

Skadden, Arps, Slate, Meagher & Flom LLP on

The Corporate Transparency Act (CTA) and its implementing regulations (Regulations) require entities within its scope (reporting companies) to disclose information, including about their beneficial owners, to the U.S....more

Perkins Coie

Nationwide Injunction Against Corporate Transparency Act Enforcement: What To Know and What To Expect

Perkins Coie on

The U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction against enforcement of the beneficial ownership information reporting requirements of the Corporate Transparency Act (CTA)...more

Perkins Coie

Corporate Transparency Act Midyear Update: Game-Changing FinCEN Guidance and What To Do To Meet Year-End Filing Obligations

Perkins Coie on

June marked the six-month milestone for the implementation of the Corporate Transparency Act (CTA)—the landmark anti-money laundering law requiring beneficial ownership reporting for U.S. companies that became effective on...more

Hinshaw & Culbertson LLP

Updated FinCEN FAQs Provide Three Important Clarifications on Reporting Obligations Under the Corporate Transparency Act (CTA)

Hinshaw & Culbertson LLP on

The Corporate Transparency Act (the CTA) went into effect earlier this year, although many uncertainties about the CTA's application still remain. To help remedy those uncertainties, the Financial Crimes Enforcement Network...more

Morris, Manning & Martin, LLP

FinCEN Alert: Dissolution Before 2025 Won't Spare CTA Reporting Requirement

Morris, Manning & Martin, LLP on

On July 8, 2024, FinCEN published additional FAQs regarding entities that have ceased to exist.  Unsurprisingly, entities that formally and irrevocably dissolved prior to the Corporate Transparency Act's effective date of...more

Foodman CPAs & Advisors

CTA Fraud Alert From FinCEN

Foodman CPAs & Advisors on

FinCEN has learned of fraudulent attempts to solicit information from individuals and entities who may be subject to reporting requirements under the Corporate Transparency Act (CTA). Scammers are on the hunt to steal...more

Cadwalader, Wickersham & Taft LLP

SEC Adopts Final Rules to Amend Beneficial Ownership Reporting Rules

Cadwalader, Wickersham & Taft LLP on

On October 10, 2023, the SEC adopted rule amendments related to Section 13 beneficial ownership reporting rules (the “Final Rules”).  In brief, the Final Rules accelerate the filing deadlines for Schedules 13D and 13G,...more

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