News & Analysis as of

Corporate Transparency Act Business Ownership Corporate Governance

Hinckley Allen

Update: CTA Deadline Temporarily Not Enforced

Hinckley Allen on

On February 27, 2025, the Financial Crimes Enforcement Network (“FinCEN”) announced it will not be enforcing the current Corporate Transparency Act (“CTA”) deadline of March 21, 2025 for Beneficial Ownership Information...more

Mayer Brown

The Time Has Come: Court Reinstates CTA Filing Requirements, FinCEN Sets New Deadline For Compliance

Mayer Brown on

AT A GLANCE - On February 17, 2025, the US District Court for the Eastern District of Texas stayed its January 7 order, enjoining enforcement of the Corporate Transparency Act and suspending the effectiveness of the...more

Saul Ewing LLP

Corporate Transparency Act and FinCEN New Compliance Deadlines

Saul Ewing LLP on

Medical practices, dental practices and other health care entities must again comply with the federal Corporate Transparency Act (“CTA”). The deadline for compliance is March 21, 2025....more

Sheppard Mullin Richter & Hampton LLP

The Return of the CTA: FinCEN Confirms that Beneficial Ownership Information Reporting Requirements are Back in Effect with a New...

On February 19, 2025, the Financial Crimes Enforcement Network (“FinCEN”) announced that beneficial ownership information reporting requirements under the Corporate Transparency Act (“CTA”) are back in effect with a new...more

Partridge Snow & Hahn LLP

Corporate Transparency Act Reporting Obligations Reinstated with March 21, 2025 Filing Deadline for Most Filers

On February 18, 2025, a Texas federal district court judge stayed the nationwide preliminary injunction on the enforcement of the Corporate Transparency Act (CTA), reinstating beneficial ownership information (BOI) reporting...more

Goulston & Storrs PC

Corporate Transparency Act Back in Effect and Extended Deadline

Goulston & Storrs PC on

On February 18, 2025, the U.S. District Court for the Eastern District of Texas lifted the nationwide injunction it had previously issued against the enforcement of the Corporate Transparency Act (CTA). As a result, the CTA...more

Conyers

Portfolio Insurance Companies and the Updated Beneficial Ownership Regime

Conyers on

The Beneficial Ownership Transparency Act, 2023 (the “BOT Act”), Beneficial Ownership Transparency Regulations, 2024 (the “BOT Regulations”) and the Guidance on Complying with Beneficial Ownership Obligations in the Cayman...more

Morris, Manning & Martin, LLP

Securities & Corporate Governance Q4 2024 Quarterly Newsletter

Morris, Manning & Martin, LLP’s Securities & Corporate Governance Quarterly Newsletter is designed to update public and private company clients on recent developments in federal securities laws and corporate governance...more

Allen Matkins

Stultitiae Laus - The Corporate Transparency Act

Allen Matkins on

Last week, I wrote about Judge Amos L. Mazzant's decision to preliminarily enjoin the Corporate Transparency Act and its implementing regulations.  Texas Top Cop Shop, Inc. v. Garland, 2024 WL 4953814 (Dec. 03, 2024).   I...more

Baker Donelson

FinCEN Extends BOI Report Deadline for Hurricane-Affected Businesses

Baker Donelson on

Please be advised that this article was written prior to the issuance by the United States District Court for the Eastern District of Texas on December 3, 2024, of a nationwide preliminary injunction enjoining enforcement of...more

Allen Matkins

FinCEN's Nearly $7 Billion Tax On Small Businesses (Mostly)

Allen Matkins on

Under the Corporate Transparency Act, reporting entities formed before January 1 of this year must file their beneficial ownership information reports with the Financial Crimes Enforcement Network (aka the FinCEN).  As this...more

Wyrick Robbins Yates & Ponton LLP

The Corporate Transparency Act: A Reminder for Public Companies and Banks

On January 1, 2025, business entities in existence prior to January 1, 2024 must file initial beneficial ownership reports with the Financial Crimes Enforcement Network (“FinCEN”) under the federal Corporate Transparency Act....more

Nelson Mullins Riley & Scarborough LLP

Staying Compliant: Corporate Transparency Act Updates for Businesses

Since we’re closing in on the end of 2024, we want to provide this update to our clients concerning the upcoming reporting deadline under the Corporate Transparency Act (CTA). If your entity was created or registered to do...more

Baker Donelson

Issues to Consider When Retaining Third-Party Vendors for CTA Filing Services

Baker Donelson on

The Corporate Transparency Act (CTA) requires many companies formed or registered to do business in the U.S., to file extensive beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN) no later...more

Dickinson Wright

Are You Prepared for the Corporate Transparency Act? What to Know Before December 31, 2024

Dickinson Wright on

The Corporate Transparency Act (“CTA” or the “Act”) became effective as of January 1, 2024.  It is the latest effort by the federal government to combat money laundering, tax fraud, and other illegal activity by bad actors. ...more

Mandelbaum Barrett PC

Navigating the Corporate Transparency Act: Reporting Requirements and Compliances Strategies for Small Businesses

Mandelbaum Barrett PC on

On January 1, 2024, the Corporate Transparency Act (the “CTA”) became effective and imposes reporting obligations which impact millions of small businesses across the United States. Although the CTA is currently the subject...more

Saul Ewing LLP

Public Companies Quarterly Update (Q2 2024)

Saul Ewing LLP on

Welcome to Saul Ewing’s Public Companies Quarterly Update series. Our intent is to, on a quarterly basis, highlight important legal developments of which we think public companies should be aware. This edition is related to...more

Oberheiden P.C.

Corporate Transparency Act Compliance: What Company Owners Need to Know in 2024 (and Beyond)

Oberheiden P.C. on

The federal Corporate Transparency Act (CTA), formed under the National Defense Authorization Act, establishes new disclosure obligations for millions of companies operating in the United States and abroad including...more

Bressler, Amery & Ross, P.C.

The Corporate Transparency Act – What You Need to Know

If you own or plan to form an LLC, corporation, or similar business entity, you should be aware of the Corporate Transparency Act and its reporting requirements to avoid significant penalties....more

Robinson+Cole Manufacturing Law Blog

Why The Secrecy? U.S. Privately Held Manufacturers Can Benefit From Revealing More Information On Their Websites

Stop me if you have seen this before. You visit the website of a U.S. privately held manufacturer, and you click on the “About Us” page (if one exists) to find only generic information that could describe any manufacturing...more

Sheppard Mullin Richter & Hampton LLP

The Corporate Transparency Act and Foreign Entities: What You Need to Know and How We Can Help

On January 1, 2024, the Corporate Transparency Act (the “CTA”) became effective. For the first time, all US and foreign entities that are determined to qualify as “reporting companies” will be required to report to the U.S....more

Skadden, Arps, Slate, Meagher & Flom LLP

The Corporate Transparency Act Is Here and the New York LLC Transparency Act Is Coming

The Corporate Transparency Act and its implementing regulations (together CTA) came into effect on January 1, 2024, requiring entities within its scope to disclose information, including about their beneficial owners, to the...more

Dickinson Wright

Important Notice Impacting Millions of Business Entities (A Summary of the Corporate Transparency Act)

Dickinson Wright on

The Corporate Transparency Act (“CTA” or the “Act”) is effective as of January 1, 2024. It is the latest effort by the federal government to combat money laundering, tax fraud, and other illegal activity by bad actors. ...more

Sullivan & Worcester

Corporate Transparency Act: Complying with Beneficial Ownership Rules

Sullivan & Worcester on

On January 1, 2024, the Corporate Transparency Act (CTA) will go into effect, imposing new reporting obligations that will require entities (LLCs, corporations, partnerships, etc.) formed in or doing business in the United...more

Jackson Walker

Countdown to the CTA: Reporting Beneficial Ownership Information

Jackson Walker on

On January 1, 2024, the Corporate Transparency Act (the “CTA”) will go into effect. The CTA is a U.S. law (31 U.S. Code § 5336), enacted January 1, 2021, that aims to combat money laundering and other illicit activities....more

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