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Another Update on BOI Enforcement Under the CTA

In the on again, off again series of statements from FinCEN regarding the Corporate Transparency Act, it appears that enforcement is off again, and could be indefinitely. With respect to the BOI reporting requirements under the Act, FinCEN…
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UPDATE – Corporate Transparency Act

WASHINGTON––Today, FinCEN announced that it will not issue any fines or penalties or take any other enforcement actions against any companies based on any failure to file or update beneficial ownership information (BOI) reports pursuant…
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Corporate Transparency Act (“CTA”) UPDATE

The beneficial ownership information (BOI) reporting requirements under the CTA are once again back in effect after a court decision on February 18, 2025. However, according to the attached press release from the Department of…
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CLIENT ALERT: Corporate Transparency Act

In the ever-changing landscape of the Corporate Transparency Act (“CTA”) and its enforcement (or lack thereof), here are the latest developments as of February 6, 2025: The Trump Administration recently filed its first brief in one…
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Corporate Transparency Act UPDATE

On December 17, 2024, the Eastern District of Texas denied the Federal Government’s request for a stay of the nationwide preliminary injunction previously entered in the Texas Top Cop Shop case.  The Government has filed an emergency motion…
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CLIENT ALERT: Corporate Transparency Act

Many of you have inquired about the reporting requirements imposed by the Corporate Transparency Act (the “CTA”).  And we have been delaying a definitive response so we could assess political and legal developments related to the CTA’s…