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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
The federal Corporate Transparency Act (“CTA”) went into effect January 1, 2024, and requires most small businesses to file a Beneficial Ownership Information (“BOI”) report with the United States Department of Treasury, specifically the Financial…
With today’s ongoing workforce development challenges, businesses constantly seek innovative and effective ways to attract, incentivize, or otherwise retain top talent. In certain cases, a business may wish to reward an executive or employee or…
