July 22, 2024 | Client Alert
You may have heard recent talk about the Corporate Transparency Act (“CTA”) which went into effect as of January 1, 2024, that requires Beneficial Ownership Information reporting for reporting companies into a database with the Financial Crimes Enforcement Network. Generally,… Read More
June 12, 2024 | Client Alert
Various plaintiffs continue to seek relief from the reporting requirements of the Corporate Transparency Act (the “CTA”) by asserting that the CTA is unconstitutional.May 13, 2024 | Client Alert
On April 18, FinCEN updated its Frequently Asked Questions regarding the Corporate Transparency Act. The FinCEN updates, like prior updates, are presented in question and answer format and address a number of issues, including who and what is subject to… Read More
March 5, 2024 | Client Alert
The Beneficial Ownership Information (BOI) reporting obligations under the Corporate Transparency Act (CTA) continue despite a federal district court order entered on March 1, 2024, finding that the CTA is unconstitutional and unenforceable against the particular plaintiffs in that case . Additional challenges to the ruling and CTA are expected.