03/01/2025in Uncategorized With this Order, the nationwide injunction enjoining CTA will resume. FinCEN has issued an Alert indicating that reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force....
There have been more developments in the cases arguing the enforceability of the Corporate Transparency Act (CTA). On Monday, December 23, 2024, the U.S. Fifth Circuit Court of Appeals lifted the preliminary injunction, which blocked the enforcement of the CTA, issued by the U.S. District Court of the Eastern Texas earlier this month. This presumab...
11/12/2024in Uncategorized As discussed in a previous post, the Corporate Transparency Act (CTA) requires most business entities in the United States, including community associations, to report beneficial ownership information to an agency of the Treasury Department,FINCen, by January 1, 2025. A federal judge, on December 3, 2024, issued an order granting a preliminary inju...
