Category: News

Domicil for Voting Purposes

The importance and significance of your vote increases as the size of the voting population decreases. Your vote in a local election, e.g., a Town Meeting, will influence the result more than in a statewide election. For those with a single residence in Massachusetts, where to register to vote is not an issue. However, what about Massachusetts residents who have two homes in different municipalities in Massachusetts – – not a primary home and a second vacation home used only

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FinCEN Interim Final Rule

FinCEN Removes Beneficial Ownership Reporting Requirements for U.S. Companies and U.S. Persons, Sets New Deadlines for Foreign Companies WASHINGTON––Consistent with the U.S. Department of the Treasury’s March 2, 2025 announcement, the Financial Crimes Enforcement Network (FinCEN) is issuing an interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act. In that interim final rule, FinCEN revises the definition of “reporting company” in its implementing regulations to mean

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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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Corporate Transparency Act or CTA

  CLIENT ALERT: CORPORATE TRANSPARENCY ACT This message is to notify you of some important regulatory changes that will impact many business entities and may require your attention. The Corporate Transparency Act (CTA), enacted by Congress in 2021, imposes new reporting requirements on many corporations, limited liability companies, limited partnerships and other business entities. Effective January 1, 2024, CTA requires “reporting companies” to report certain beneficial ownership information (BOI) to the Financial Crimes Enforcement Network (FinCen) of the U.S. Department of

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