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Search OptionsBusinessPresident Trump’s DEI Ban Ruled Likely Unconstitutional – What Now?
On February 21, 2025, a U.S. District Judge in Baltimore, Maryland ruled that executive orders recently issued by President Trump to roll back Diversity, Equity, and Inclusion (“DEI”) programs likely violate the First Amendment. The judge temporarily blocked the enforcement of these executive… The CTA – Gone for Good for Most (For Now)
On Sunday, March 2, 2025, the Treasury Department announced that it has suspended enforcement of the Corporate Transparency Act (CTA) with respect to US citizens and domestic companies. This signals the likely death knell of the CTA for US based reporting companies and their owners after its… FinCEN Announces No Enforcement of March 21, 2025 Deadline to File BOI Report
The Department of Treasury’s Financial Crimes Enforcement Network (commonly known as “FinCEN”) announced February 27, 2025 “that it will not issue any fines or penalties or take any other enforcement actions against any companies based on any failure to file or update beneficial ownership… The CTA – It’s Back!
The CTA bounces back again. On February 18, 2025, the U.S. District Court for the Eastern District of Texas in Smith, et al. v. U.S. Department of the Treasury, et al., 6:24-cv-00336 (E.D. Tex.) granted the Department of Justice’s motion to stay an injunction that previously paused the effect of… The Yo-Yo Life of the CTA: Back in Play – Or Not
Yesterday, on January 23, 2025, the United States Supreme Court stayed one of the injunctions against enforcement of the Corporate Transparency Act (CTA) pending the completion of the appeal process at the Fifth Circuit Court of Appeals. Yet, a different nationwide injunction appears to remain in… CTA Update: Start/Stop Along the Twisty Road
Compliance with the Corporate Transparency Act apparently can wait a bit longer. On December 26, 2024, a panel of the Fifth Circuit Court of Appeals vacated the order of another panel of that same Court issued just a few days earlier that stayed an injunction on enforcement of the CTA. Head… CTA Update: Back in Business, For Now
The Corporate Transparency Act (CTA) comes back for more. On December 23, 2024, the Fifth Circuit Court of Appeals issued a stay of the preliminary injunction issued at the beginning of December that blocked enforcement of the CTA. Next steps cannot be fully predicted in this judicial battleground… CTA Update: Roll the Dice?
The fight to save the Corporate Transparency Act continues and presents challenges to any planning for CTA compliance. To file or not becomes a roll of the dice. We have recently updated you [found here] about the preliminary injunction against enforcement of the CTA issued by the U.S. District… CTA in Limbo: FinCEN Addresses Nationwide Injunctive Order
Determination by regulators to save the Corporate Transparency Act (“CTA”) was evidenced on Thursday, December 5th as the Department of Justice (“DOJ”) filed a notice of appeal just two days after the U.S. District Court for the Eastern District of Texas ordered a nationwide preliminary injunction… To Patent or Not To Patent?
Anytime a potentially commercializable innovation surfaces, the question of whether and how to protect that innovation should be raised, and the factors to consider in answering that question are the same whether you are an individual inventor or a savvy business with extensive R&D operations. The… Hold Your Filings: Preliminary Injunction Placed on Government Enforcement of CTA and Beneficial Ownership Information Reporting Requirements
As of December 3, 2024, all U.S. companies that were subject to the reporting obligations under the Corporate Transparency Act (“CTA”) have been temporarily relieved of their obligation to submit beneficial ownership information (“BOI”) reports to FinCEN. The U.S. District Court for the Eastern… Time Quickly Running Out: Important Reminders about the Corporate Transparency Act
Time is running out for your business to comply with the Corporate Transparency Act (“CTA”). If your business is subject to the CTA and it does not comply, severe penalties could be imposed against the company and those who should have reported their beneficial interests. The CTA requires most small… |
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