The Closer – M&A, Securities & Corporate Counsel

As of December 26, 2024, entities are not required to file beneficial ownership information  reports (BOI reports) with FinCen, and the nationwide preliminary injunction suspending enforcement of the Corporate Transparency Act (CTA) is back! The past week has been confusing and chaotic as the injunction was stayed and then reinstated […]

On the evening of December 23, 2024 the Department of Treasury announced that companies that were created or registered prior to January 1, 2024 and are not otherwise exempt under the Corporate Transparency Act (CTA) from filing a beneficial ownership information report (BOIR) with FINCEN now have until January 13, […]

On December 23, 2024, the Fifth Circuit Court of Appeals issued an order lifting the nationwide preliminary injunction that was previously issued by a federal district court in Texas on December 3, 2024 to suspend enforcement of reporting obligations for millions of businesses under the Corporate Transparency Act (CTA).  Notably, […]

On Tuesday, December 3, 2024, the U.S. District Court for the Eastern District of Texas granted a nationwide preliminary injunction suspending enforcement of the Corporate Transparency Act (CTA), relieving entities of the obligation to file the beneficial ownership information reports (BOI reports).  The nationwide injunction occurred only a few weeks […]

On January 31, 2024, the U.S. House of Representatives passed the “Tax Relief for American Families and Workers Act of 2024” (HR 7024) with support from both parties. The bill, if passed by the Senate and signed into law by the President, includes significant tax benefits that businesses of all […]