In light of a recent order by the Fifth Circuit released on December 23, 2024, reporting companies are once again required to file beneficial ownership information (“BOI”) required by the Corporate Transparency Act (“CTA”)...more
In an unpublished order issued on December 23, 2024, the Fifth Circuit granted the Financial Crimes Enforcement Network’s (“FinCEN”) emergency motion for a stay of the nationwide preliminary injunction that blocked...more
In response to the nationwide preliminary injunction temporarily blocking the enforcement of the Corporate Transparency Act’s (CTA) Beneficial Ownership Information (BOI) reporting requirements, FinCEN has announced that...more
On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a preliminary injunction in the case Texas Top Cop Shop, Inc., et al. v. Garland, et al., enjoining the U.S. Department of Treasury from...more
On Friday, March 1, 2024, the U.S. District Court for the Northern District of Alabama held that the Corporate Transparency Act (“CTA”) is unconstitutional. The CTA, which became effective on January 1, 2024, requires...more
On January 1, 2024, the Corporate Transparency Act (“CTA”) will take effect. The CTA requires certain entities created by filing a document with a Secretary of State or any similar office (each a “Reporting Company”) to...more