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FinCEN EXEMPTS U.S. Companies and U.S. Persons from CTA Reporting Requirements

The Corporate Transparency Act (together with its implementing regulations, the CTA) is a federal law that went into effect on January 1, 2024. The CTA is aimed at combating financial crimes such as money laundering,...more

The CTA Is Back (Sort Of)—What Reporting Companies Need to Know

After months of litigation—including a cameo before the Supreme Court—the last nationwide injunction of the Corporate Transparency Act (CTA) was vacated and the CTA was set to go back into effect. Since then, nothing has been...more

Corporate Transparency Act Deadlines Loom: Are You Ready?

As we’ve noted in earlier bulletins, in an effort to gain visibility into ownership and control of business entities operating in the United States, the federal Corporate Transparency Act (“Act”) went into effect January 1,...more

The CTA Is Coming. Are You Ready? Do You Know Your Duties?

The Corporate Transparency Act becomes effective January 1, 2024 and it may affect you. In an effort to gain visibility into ownership and control of business entities operating in the United States, and the potential...more

SBA Guidance Clarifies PPP Certification Concerning Necessity of Loan

Since its inception, borrowers of loans under the Paycheck Protection Program (PPP) have been troubled by the required certification that “[c]urrent economic uncertainty makes this loan request necessary to support the...more

Landlord! Before You Amend That Commercial Lease, Things to Consider

With lenders telling landlords to work with their tenants through the state-wide shutdown of businesses, and many tenants demanding rental relief, landlords should consider the following before amending: Tenant’s...more

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