The U.S. Department of the Treasury has announced plans to significantly reduce the number of entities that must report under the Corporation Transparency Act (CTA)
In a press release dated March 2, 2025, the Treasury...more
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced in a February 19, 2025 alert that the Corporate Transparency Act (CTA) is back in effect. The new deadline for most companies to...more
2/21/2025
/ Beneficial Owner ,
Compliance ,
Corporate Governance ,
Corporate Transparency Act ,
Enforcement Actions ,
FinCEN ,
National Security ,
Regulatory Mandates ,
Regulatory Requirements ,
Reporting Requirements ,
Small Business ,
U.S. Treasury
The U.S. Supreme Court issued an order on January 23, 2025, which provisionally reinstates the Corporate Transparency Act (CTA) while a legal challenge to it continues. This brief order, which stayed an injunction against the...more
1/24/2025
/ Anti-Money Laundering ,
Appeals ,
Beneficial Owner ,
Commerce Clause ,
Compliance ,
Constitutional Challenges ,
Corporate Counsel ,
Corporate Transparency Act ,
Data Privacy ,
Department of Justice (DOJ) ,
Enforcement ,
Enforcement Actions ,
FinCEN ,
Popular ,
Reinstatement ,
Reporting Requirements ,
SCOTUS ,
Transparency
On December 26, 2024, the United States Court of Appeals for the Fifth Circuit vacated a December 23 order by a Fifth Circuit motions panel that granted the U.S. government’s motion to stay a preliminary injunction issued on...more
Reporting companies are once again required to report their beneficial ownership information (BOI) to the Financial Crimes Enforcement Network (FinCEN) after the U.S. Court of Appeals for the Fifth Circuit lifted an...more
On December 3, 2024, in the case of Texas Top Cop Shop v. Garland, the U.S. District Court of Texas issued a nationwide preliminary injunction of the Corporate Transparency Act (CTA), which prevents the enforcement of the...more
You are likely now aware of the Financial Crimes Enforcement Network's (FINCEN) new Corporate Transparency Act in effect as of January 1, 2024, that requires domestic entities (and foreign entities qualified to do business in...more
It’s not usual for companies to have employees working in multiple states, especially if they hire remote workers. However, managing a workforce that is spread out over multiple locations can be challenging.
Join Sara...more
5/9/2024
/ Corporate Transparency Act ,
E-Verify ,
Employee Benefits ,
Employee Tracking ,
Employer Liability Issues ,
Income Taxes ,
Multistate Employers ,
Paid Leave ,
Pay Transparency ,
Payroll Taxes ,
Remote Working ,
Wage and Hour ,
Webinars
On March 1, 2024 in the case of National Small Business United v. Yellen 5:22-cv-01448-LCB the U.S. District Court for the Northern District of Alabama declared the Corporate Transparency Act (“CTA”) unconstitutional stating...more
On February 7, 2024Real Estate Contract FinCEN issued a Notice of Proposed Rulemaking that would require certain professionals involved in real estate closings and settlements to report information to FinCEN about...more
2/9/2024
/ Bank Secrecy Act ,
Beneficial Owner ,
Corporate Transparency Act ,
FinCEN ,
Money Laundering ,
NPRM ,
Popular ,
Real Estate Transactions ,
Reporting Requirements ,
Suspicious Activity Reports (SARs) ,
Transfers
The U.S. Department of Treasury’s Financial Crimes Enforcement Network (“FinCEN”) published a Notice of Proposed Rulemaking on September 27, 2023 to amend the final Beneficial Ownership Information (“BOI”) Reporting Rule to...more
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) published its guidance materials on March 24, 2023, to help companies understand the requirements of the Beneficial Ownership Information...more
On March 21, 2022, in an effort to provide consistent, comparable, and reliable data for investors to enable them to make informed judgments about the impact of climate related risks on current and potential investments the...more
The Internal Revenue Service (IRS) expanded the Identity Protection PIN Opt-In Program to all taxpayers who can verify their identities. Up until now the IRS provided an Identity Protection PIN Opt-In Program IP six-digit...more
Recent legislation underscores the opportunity telemedicine has in our community. Now, more than ever there is a need for telemedicine and the services it provides. Four major segments of the population can benefit from the...more
Corporate housekeeping should include a line item for monitoring your business liens. As a debtor, the health of your business is reliant on a good credit score. As a creditor, losing your security interest on a lien could...more
If a corporation or LLC stops doing business in a state in which it was registered to do business as a “foreign” company, just walking away does not end its responsibilities in that state. State statutes apply different terms...more
Whether you own real estate as investment property, own a small business, or are a real estate agent contemplating the tax benefits and asset protection afforded by organizing your own limited liability company, the time...more