KingSpry Business Law Attorney, Taisha K. Tolliver-Duran, Esq., has kept abreast of the litigation impacting the Corporate Transparency Act, and details what business entities must know to remain compliant when the Act takes effect again next month. Background The Corporate Transparency Act (the “CTA”) is a federal law that imposes filing requirements on nearly every corporation, limited … [Read more...] about The Corporate Transparency Act is Back Again
Corporate Transparency Act
What Is the Status of the Corporate Transparency Act?
KingSpry Business Law Attorney, Taisha K. Tolliver-Duran, Esq., has kept abreast of the litigation impacting the Corporate Transparency Act, and details what businesses must know to remain compliant as the Act is challenged in Federal Court. The Corporate Transparency Act (the “CTA”) is a federal law that imposes filing requirements on nearly every corporation, limited liability company, or … [Read more...] about What Is the Status of the Corporate Transparency Act?
Court of Appeals Lifts Preliminary CTA Injunction
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
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
What the Corporate Transparency Act Means for Business Entities
A new federal law aimed at combatting money laundering and other criminal activity will impose beneficial ownership reporting obligations on business entities and is expected to become effective soon, possibly in early 2023. Business entities should be aware of the information that they will be required to report and the deadlines for reporting, after the effective date is designated. The … [Read more...] about What the Corporate Transparency Act Means for Business Entities
