UPDATE: On December 23, 2024, the U.S. Court of Appeals for the Fifth Circuit lifted the preliminary injunction that temporarily halted enforcement of the Corporate Transparency Act (the “Act”). Effective immediately, the Act’s reporting requirements are reinstated. Time is of the essence for reporting companies created or registered prior to January 1, 2024, as they are required … [Read more...] about Court of Appeals Lifts Preliminary CTA Injunction
Beneficial Ownership Information
The New Corporate Transparency Act Impacts Businesses Across the United States
Effective January 1, 2024, as part of the National Defense Authorization Act, the Corporate Transparency Act requires domestic and foreign reporting companies to report beneficial ownership information to the Financial Crimes Enforcement Network (“FinCEN”). KingSpry’s Taisha Tolliver-Duran, Esq. has kept abreast of the changes in legislation, and details what businesses must know about the new … [Read more...] about The New Corporate Transparency Act Impacts Businesses Across the United States
