A flurry of activity in the courts and guidance from FinCEN this week has the Corporate Transparency Act back in the news. However, the recent activity does not result in any immediate change for businesses. Filing beneficial...more
1/27/2025
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U.S. Treasury
The merits panel of the U.S. Court of Appeals for the Fifth Circuit issued a ruling on December 26, 2024, vacating the stay of the nationwide injunction issued by the U.S. District Court for the Eastern District of Texas...more
12/30/2024
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Business Entities ,
Business Ownership ,
Compliance ,
Corporate Transparency Act ,
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FinCEN ,
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Stays
Shortly after the publication of our last client alert, "Fifth Circuit Reinstates January 1 CTA Filing Deadline" on December 23, 2024, FinCEN provided a statement and guidance regarding the Fifth Circuit's decision to stay...more
12/27/2024
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Compliance ,
Corporate Transparency Act ,
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Regulatory Requirements ,
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Stays
On December 23, in Texas Top Cop Shop, Inc., et al. v. Garland, et al., Case No. 4:24-cv-478 (5th Cir.), the United States Court of Appeals for the Fifth Circuit stayed the nationwide injunction on the filing deadline of the...more
12/27/2024
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Business Entities ,
Business Ownership ,
Compliance ,
Corporate Transparency Act ,
Deadlines ,
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FinCEN ,
Preliminary Injunctions ,
Regulatory Requirements ,
Reporting Requirements ,
Stays
On December 3, 2024, in Texas Top Cop Shop, Inc., et al. v. Garland, et al., Case No. 4:24-cv-478 (E.D. Tex.), the United States District Court for the Eastern District of Texas (the Court) issued a nationwide preliminary...more
12/12/2024
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Business Entities ,
Business Ownership ,
Compliance ,
Corporate Transparency Act ,
Filing Requirements ,
FinCEN ,
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Regulatory Requirements ,
Reporting Requirements ,
Stays