On February 27, 2025, the Financial Crimes Enforcement Network (FinCEN) issued a press release announcing that it will not issue any fines or penalties, or take any other enforcement actions against companies based on any failure to file or update their beneficial ownership […]
Corporate Transparency Act Injunction is Lifted and its Filing Obligations are Mandatory Again
Reporting companies are once again required to file beneficial ownership information with the Financial Crimes Enforcement Network (FinCEN). On February 18, 2025, the U.S. District Court for the Eastern District of Texas lifted the remaining injunction that prohibited FinCEN from enforcing the Corporate […]
To: Clients and Friends of Fox Swibel Levin & Carroll LLP Reporting companies are still not required to file beneficial ownership information with the Financial Crimes Enforcement Network (FinCEN) – for now. Last week, the Supreme Court lifted an injunction related to a […]
To: Clients and Friends of Fox Swibel Levin & Carroll LLP Only days after a Fifth Circuit panel lifted the injunction on the Corporate Transparency Act (CTA), another Fifth Circuit panel has reinstated the injunction. Once again, the federal government is prohibited from […]
To: Clients and Friends of Fox Swibel Levin & Carroll LLP Please be aware that on December 23, 2024, the Fifth Circuit of the U.S. Court of Appeals granted the federal government’s request to stay a lower court’s ruling that halted the enforcement […]
Federal Court Grants Injunction Prohibiting Government from Enforcing the Corporate Transparency Act
To: Clients and Friends of Fox Swibel Levin & Carroll LLP Please be aware that on December 3, 2024, a Texas-based federal court issued a broad order prohibiting the federal government from enforcing the Corporate Transparency Act (CTA). In its ruling on Texas […]
CTA – Beneficial Ownership Deadline
To: Clients and Friends of Fox Swibel Levin & Carroll LLP We are nearly two months away from an important Corporate Transparency Act (the “CTA”) deadline. Reporting Companies created or registered to do business in the United States before January 1, 2024 must […]
By David J. Morris Updated 12/11/2023 Enacted into federal law in January of 2021, the Corporate Transparency Act (“CTA“) established information reporting requirements for reporting companies. Reporting companies include (1) corporations, limited liability companies (“LLC’s“) or other entities created through the filing of […]