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With the February 18, 2025, decision by 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.), beneficial ownership information (BOI) reporting requirements under the Corporate Transparency…
FinCEN has released an important update on its website regarding the ongoing legal proceedings related to the Corporate Transparency Act (CTA). The latest update, details the actions taken by the Department of Justice (DOJ) in response to a recent court…
January is National Human Trafficking Prevention Month, a time dedicated to educating the public and raising awareness about human trafficking. To continue this important effort beyond January, the California Secretary of State Business Programs Division has partnered with its Safe…
The Hawaii Department of Commerce and Consumer Affairs’ Business Registration Division (BREG) is reminding all state-registered businesses that the filing period for first-quarter annual business reports is now open. Businesses that were originally registered in the first quarter (January through…
Starting this year, all businesses registered in Pennsylvania are required to comply with a newly implemented annual report filing requirement. The Pennsylvania Department of State will notify businesses of their respective filing deadlines via email (if an email address has…
The Arizona Corporation Commission (ACC) is taking proactive steps to combat business identity theft and fraud affecting Arizona business owners. On December 17, 2024, the ACC authorized the Corporations Division to develop and implement new policy changes, with the possibility…
Just when you thought you could take a breather, we’re back with a new update on the Corporate Transparency Act (CTA) saga. On December 26, 2024, the U.S. Court of Appeals for the Fifth Circuit vacated its own stay on…
On December 23, 2024, the U.S. Court of Appeals for the Fifth Circuit lifted the lower court’s nationwide preliminary injunction that had paused the Corporate Transparency Act’s requirements for filing beneficial ownership information (BOI). Before the day ended, FinCEN released…
BREAKING NEWS – The Fifth Circuit Court of Appeals has issued a stay on the nationwide injunction that removed BOI filing requirements mandated by the Corporate Transparency Act. Consequently, the filing due on January 1, 2025, remains in effect unless…
This weekend, the Financial Crimes Enforcement Network (FinCEN) released a statement about the nationwide preliminary injunction that is temporarily stopping the enforcement of the Corporate Transparency Act (CTA). A recent federal district court order has paused the requirements to report…