As we continue to monitor the future of the Federal Corporate Transparency Act (the CTA), which requires certain businesses to file a report disclosing their beneficial owners to the U.S. government, new developments in both...more
The Corporate Transparency Act (the CTA), which became effective on January 1, 2024, was ruled unconstitutional by the U.S. District Court for the Northern District of Alabama (District Court), in the case styled National...more
3/6/2024
/ Alabama ,
Beneficial Owner ,
Civil Monetary Penalty ,
Corporate Transparency Act ,
Criminal Penalties ,
Deadlines ,
FinCEN ,
Fraud ,
Noncompliance ,
Reporting Requirements ,
Transparency ,
Unconstitutional Condition
NEW FEDERAL REPORTING REQUIREMENT THAT MAY AFFECT YOUR BUSINESS IS NOW EFFECTIVE.
The Corporate Transparency Act (the CTA) is officially in effect. You should confirm now whether your company has any reporting...more
The Financial Crimes Enforcement Network (FinCEN) issued a proposal to amend the beneficial ownership information (BOI) reporting rule, which would extend the deadline for certain reporting companies to file their BOI...more
As we move into the second half of the year, it is increasingly important for your business to start preparing for the Financial Crimes Enforcement Network’s (FinCEN) rollout of the Corporate Transparency Act (CTA)....more
On Sept. 30, 2022, the Financial Crimes Enforcement Network (FinCEN) released a final rule related to the Corporate Transparency Act (CTA). In Part 1 of our refreshed, three-part series of articles on the CTA, we covered...more
Back in February, we issued a three-part series on the Corporate Transparency Act (CTA). The series of articles outlined the details and implications of the U.S. Department of Treasury’s Financial Crimes Enforcement Network’s...more
CORPORATE TRANSPARENCY ACT OVERVIEW PART 3: WHAT ELSE YOU SHOULD KNOW -
This is Part 3 of our three-part series on the Corporate Transparency Act (CTA). The U.S. Department of Treasury’s Financial Crimes Enforcement...more
This is Part 2 of our three-part series on the Corporate Transparency Act (CTA). The CTA is being implemented by the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN). In general, it establishes...more
CORPORATE TRANSPARENCY ACT OVERVIEW PART 1: REQUIRED DISCLOSURES -
In December 2021, the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) released a notice of proposed rulemaking for companies...more