Yesterday, a Texas district court issued a nationwide preliminary injunction in Texas Top Cop Shop, Inc. et al., v. Garland et al., enjoining enforcement of the Corporate Transparency Act’s reporting requirements. The CTA...more
After the U.S. Congress enacted the federal Corporate Transparency Act (the “CTA”) on January 1, 2021, a wide range of plaintiffs immediately brought suit against the government challenging its constitutionality. Currently,...more
11/18/2024
/ Article I ,
Beneficial Owner ,
Compliance ,
Constitutional Challenges ,
Corporate Counsel ,
Corporate Governance ,
Corporate Transparency Act ,
FinCEN ,
Fourth Amendment ,
Pending Litigation ,
Reporting Requirements ,
Small Business ,
Trade Associations ,
U.S. Treasury
The U. S. Supreme Court has redirected escheatment of certain unclaimed funds from states that were previously presumed properly to claim the funds. In this decision, instead of escheating all of the unclaimed funds arising...more