This is an important update on the ongoing legal battle surrounding the Corporate Transparency Act (“CTA”) and the previously issued nationwide injunction that temporarily halted the requirement for companies to file the Beneficial Ownership Information (“BOI”) report with the Financial Crimes Enforcement Network (“FinCEN”). As of February 18, 2025, this nationwide injunction has been lifted, and the requirement for companies …
Starting January 1, 2024, the Corporate Transparency Act (“CTA”) requires that corporations, LLCs, or other state-registered entities disclose the individuals with ownership or controlling interests in the business. As the reporting deadline rapidly approaches, it is crucial for businesses to take action to ensure compliance and to avoid penalties. Determining what is required of your business and what reporting deadline …
There are certain times in life where it’s good to re-group and re-examine things. Most people tend to make New Year’s resolutions and people join a gym or start a new diet. Perhaps, you are starting a new job, getting married, buying a house, or relocating. These are four essential items that should be reviewed when someone is going through …