Posts Tagged ‘Corporate Transparency Act’
ALERT: 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.
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