Category: Featured

Corporate Transparency Act (Updated March 1, 2025)

CLIENT ALERT: CORPORATE TRANSPARENCY ACT The federal agency responsible for enforcing the Corporate Transparency Act has temporarily suspended fines and penalties for noncompliance with upcoming deadlines for businesses to report beneficial ownership interests. The U.S. Treasury Department’s Financial Crimes Enforcement Network announced Feb. 27  that the agency will not issue any fines or penalties against any companies that fail to file or update beneficial ownership information reports under the CTA’s current deadlines. “No fines or penalties will be issued, and no enforcement

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Corporate Transparency Act (Updated Feb. 2025)

CLIENT ALERT: CORPORATE TRANSPARENCY ACT This message is to provide you with an important legal update concerning the Corporate Transparency Act (the “CTA”) and related filing requirements. If you have already filed your initial Beneficial Ownership Interest (“BOI”) report, or one has been filed on your behalf, you may disregard this update. On February 18th, a federal court in Texas lifted the last remaining preliminary injunction against the enforcement of the CTA. As a result, the filing requirements for companies

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