The Supreme Court has stayed the nationwide injunction blocking the enforcement of the Corporate Transparency Act (CTA), but FinCEN says that Beneficial Ownership Information (BOI) reporting remains voluntary. On January 23,...more
1/27/2025
/ Appeals ,
Beneficial Owner ,
Compliance ,
Constitutional Challenges ,
Corporate Transparency Act ,
Enforcement Actions ,
FinCEN ,
Popular ,
Preliminary Injunctions ,
Reporting Requirements ,
SCOTUS ,
Stays
The Government has now elevated the question of the enforceability of the Corporate Transparency Act (CTA) to the Supreme Court. In earlier alerts, we described the litigation in the U. S. District Court for the Eastern...more
In previous Legal Alerts we described the case Texas Top Cop Shop, Inc., et al. v. Garland, et al., in which the United States District Court for the Eastern District of Texas granted a nationwide preliminary injunction that...more
12/30/2024
/ Appeals ,
Beneficial Owner ,
Business Entities ,
Corporate Transparency Act ,
Filing Deadlines ,
Filing Requirements ,
FinCEN ,
Popular ,
Preliminary Injunctions ,
Reporting Requirements ,
Stays ,
Time Extensions
On December 3, 2024, in Texas Top Cop Shop, Inc., et al. v. Garland, et al., the United States District Court for the Eastern District of Texas granted a nationwide preliminary injunction that stayed the enforcement of the...more
12/27/2024
/ Appeals ,
Beneficial Owner ,
Business Entities ,
Corporate Transparency Act ,
Filing Deadlines ,
Filing Requirements ,
FinCEN ,
Preliminary Injunctions ,
Reporting Requirements ,
Stays ,
Time Extensions
On December 3, 2024, in Texas Top Cop Shop, Inc., et al. v. Garland, et al., the United States District Court for the Eastern District of Texas granted a nationwide preliminary injunction that stayed the enforcement of the...more
On December 3, 2024, in Texas Top Cop Shop, Inc., et al. v. Garland, et al., the United States District Court for the Eastern District of Texas granted a nationwide preliminary injunction that stayed the enforcement of the...more
12/9/2024
/ Corporate Transparency Act ,
Department of Justice (DOJ) ,
Enforcement ,
Financial Crimes ,
FinCEN ,
First Amendment ,
Fourth Amendment ,
Popular ,
Preliminary Injunctions ,
Reporting Requirements ,
Texas ,
Unconstitutional Condition
Entities in existence prior to January 1, 2024, that are non-exempted “reporting companies” under the Corporate Transparency Act (“CTA”), must make initial filings with the Financial Crimes Enforcement Network bureau of the...more
On January 1, 2024, the Corporate Transparency Act (“CTA”) went into effect. The intent of the CTA is to bring the United States into compliance with international anti-money laundering standards. The CTA requires certain...more