With only days left in 2024, the Fifth Circuit Court of Appeals has reversed the Texas federal court’s nationwide injunction against enforcement of the Corporate Transparency Act (CTA). This means, the CTA reporting...more
The U.S. Treasury Department, Financial Crimes Enforcement Network (FinCEN) has responded to the nationwide injunction issued last week by a Texas federal district court enjoining the enforcement of the Corporate Transparency...more
On December 3, 2024, the U.S. District Court for the Eastern District of Texas (the “Court”) issued a nationwide injunction barring enforcement of the Corporate Transparency Act (CTA) and its implementing regulations.1 In its...more
The deadline for many companies to complete their Corporate Transparency Act (CTA) filing is fast approaching. If you have not yet determined whether your company is covered under the CTA or if you have yet to file, updated...more
A federal district court in Northern District of Alabama issued an opinion on March 1, 2024, in the case of National Small Business United v. Yellen, granting summary judgment in favor of the plaintiffs, holding that the...more
Effective January 1, 2024, the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of Treasury will implement new “beneficial ownership” reporting requirements that will have a significant impact on...more