Announcements
Enforcement of Corporate Transparency Act (CTA) is SUSPENDED
Big news for small businesses: the U.S. Treasury is indefinitely suspending enforcement of the Corporate Transparency Act (the “CTA”). That means, for now, these businesses do not have to report their beneficial ownership information (“BOI”) to the federal government. FinCEN, the agency handling BOI reporting, has also confirmed it will not be issuing fines or…
Read MoreNationwide Injunction of CTA Lifted: Businesses Must Once Again Report Beneficial Owners
Well, the pendulum has swung back and businesses will again be required to comply with the Corporate Transparency Act (“CTA”) and its beneficial ownership interest reporting rule. Yesterday, a federal court lifted the nationwide stay against enforcing the CTA issued last month in Smith, et al. v. United States Department of The Treasury, et al.,…
Read MoreSCOTUS weighs in on the CTA but the nationwide injunction remains
On January 23, 2025, the Supreme Court of the United States granted relief to the federal government in Texas Top Cop Shop, Inc., et al. v. McHenry, et al., No. 4:24-cv-00478 (E.D. Tex.) (formerly, Texas Top Cop Shop v. Garland) concerning enforcement of the beneficial ownership interest reporting requirements (the “Reporting Rule”) under the Corporate Transparency…
Read MoreALERT: Nationwide Stay Against CTA is Back On
In an interesting turn of events, on December 26, the U.S. Court of Appeals for the Fifth Circuit vacated (i.e. nullified) its December 23 ruling that reinstated the requirement to comply with the Corporate Transparency Act (“CTA”) and its beneficial ownership interest reporting requirements by January 13, 2025. The Fifth Circuit essentially revived the preliminary…
Read MoreALERT: Court of Appeals Reinstates Enforcement of CTA—New Filing Deadline is 1/13/2025
Well, the saga continues…. Yesterday (December 23), the Fifth Circuit Court of Appeals lifted and negated the nationwide stay issued in Texas Top Cop Shop, Inc. et al. vs. Garland. This means companies must again comply with the Corporate Transparency Act (“CTA”), unless exempt, and file a beneficial ownership interest report (“BOIR”), or face steep…
Read MoreImportant Update: Federal Court Halts Enforcement of Corporate Transparency Act Filing Requirements
On December 3, 2024, a major legal development occurred regarding the Corporate Transparency Act (CTA) that affects businesses across Ohio and the U.S. In the case Texas Top Cop Shop, Inc. et al. v. Garland, a federal district court in Texas issued a preliminary injunction that temporarily halts the enforcement of the CTA’s requirement for…
Read MoreSmall Business Alert: You must now file with FinCEN
You may be aware from our earlier notifications and posts, but beginning January 1, 2024, you may be required to submit certain information that was not previously required about a business entity and any individuals identified by the law as a beneficial owner to the federal government. We are reaching out to help you better…
Read MoreBUSINESS ALERT: Business owners must now disclose beneficial ownership to the federal government
Congress recently passed a law requiring the disclosure of certain information regarding the ownership and control of entities created through state filings. Business owners will do well to comply in order to avoid steep penalties.
Read MoreAttorney Nathan Zion Named 2023 Rising Star
Attorney Nathan Zion was named a 2023 Rising Star by Super Lawyers Magazine!
Read MoreMulhall Zion Launches New Website
Our team at Mulhall Zion LLC is excited to reveal our updated and refreshed website, mz-llc.com! The website is still user-friendly and compatible with all browsers and devices, but now features a useful FAQ section, an in-depth look at our skilled team, and our Ohio and Maryland locations! Mulhall Zion LLC is a full-service law firm,…
Read More