As noted in our previous Corporate Advisory, the Financial Crimes Enforcement Network (FinCEN) announced on February 27, 2025, that it will not take enforcement action against a Reporting Company that fails to file or update...more
The beneficial ownership information reporting requirements of the Corporate Transparency Act (CTA) are now back in force. As described in more detail below, the majority of Reporting Companies are required to file their...more
12/27/2024 Update: On December 26, 2024, the Fifth Circuit of Appeals issued an order that reinstated the nationwide injunction on the CTA’s reporting requirements. As of December 26, 2024, Reporting Companies are once again...more
This Corporate Advisory provides a brief update on the Corporate Transparency Act (CTA), its reporting requirements and deadlines, and certain recent developments. It is not intended to, and does not, provide legal,...more