Corporate Transparency Act Is Back On

The Corporate Transparency Act Is Back On
The implementation of the Corporate Transparency Act, which requires millions of companies to disclose their true ownership to the government, is back on after a federal judge in Texas reversed an injunction he issued last month.
FinCEN strikes again: Recent Corporate Transparency Act updates
On Jan. 1, 2024, the Corporate Transparency Act (CTA) took effect. Originally enacted to combat financial crimes such as money laundering, terrorist financing, and tax evasion, the CTA requires
Dead Stop for the Corporate Transparency Act: Part 2
Part two of Anthony Sabino’s two-part series analyzing Texas Top Cop Shop, Inc. v. Garland holding the Corporate Transparency Act unconstitutional and prohibiting its enforcement nationwide.
Corporate Transparency Act Reporting Obligations Back In Effect With Extension
Reporting obligations related to the Corporate Transparency Act (“the CTA”) are set to return. As we previously reported, on December 3, 2024,
Client Alert- Corporate Transparency Act Is Back in Effect – Another Major Update
As has now been well reported, in 2021 Congress enacted the Corporate Transparency Act (the “CTA”), which empowers the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) to collect information about “Beneficial Owners” of certain privately held entities for the purpose of deterring illicit activities through the operation of shell corporations and LLCs.
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Corporate Transparency Act Revived After Last Remaining Nationwide Preliminary Injunction is Lifted - Reporting Deadlines Extended
On February 18, 2025, the U.S. Federal District Court for the Eastern District of Texas lifted the last remaining nationwide ...
Corporate Transparency Act now in effect for small businesses, deadline looms
"It does not take intelligence to throw money around and buy a company or buy a politician," Seth Abramson writes The post ...
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Business Owners Must File BOI Form or Face Stiff Penalties
After months of court cases, the controversial beneficial ownership information report is still mandatory for most business ...
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Corporate Transparency Act injunction overturned – What that means for businesses
A recent court ruling has lifted the injunction on the enforcement of the Corporate Transparency Act, which means that most ...
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Will Donald Trump Make Money Laundering Great Again?
But President Donald Trump’s return to power has cast doubt on the future of the most monumental anti-kleptocracy reform push ...
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Court lifts injunction on Corporate Transparency Act
A federal district court in Texas has stayed an injunction that had prevented enforcement of the Corporate Transparency Act ...
Corporate Transparency Act Rule Is in Effect After Texas Federal Court Decision
U.S. District Judge Jeremy Kernodle decided to stay an injunction that had prevented the Treasury Department's financial ...
Treasury sets March 21 deadline for millions of businesses to report ownership information or risk fines of $10,000 or more
The Treasury Department set a March 21 deadline to report "beneficial ownership information" after a Texas court lifted a ...