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U.S. Treasury Announces It Will Not Enforce the Corporate Transparency Act Against U.S. Companies and Citizens

​On March 1, 2025, the U.S. Department of the Treasury announced that it will not enforce the Corporate Transparency Act (CTA) against U.S. citizens or domestic reporting companies or their beneficial owners. Treasury also...more

FinCEN Reinstates Beneficial Ownership Reporting Deadline Following Court Ruling

The Corporate Transparency Act (CTA), enacted in 2021, mandates that companies disclose their true ownership to the Financial Crimes Enforcement Network (FinCEN) to combat illicit financial activities. However, its...more

Corporate Transparency Act Reporting Requirements Still on Hold

The Corporate Transparency Act (CTA), enacted in 2021, mandates that companies disclose their true ownership to the Financial Crimes Enforcement Network (FinCEN) to combat illicit financial activities. However, its...more

Fifth Circuit Reverses Its Own Order, Lifting the Stay of Enforcement of the CTA

​The CTA madness continues. On December 23, 2024, the U.S. Court of Appeals for the Fifth Circuit (the "Fifth Circuit"), in the case of Texas Top Cop Shop v. Garland ("Texas Top Cop Shop"), stayed the enforcement of an...more

Federal Appeals Court Stays Nationwide Injunction of Corporate Transparency Act; FinCEN Issues Revised Filing Deadlines

On December 23, 2024, the U.S. Court of Appeals for the Fifth Circuit (“Fifth Circuit”) granted the U.S. Government’s motion to stay the nationwide preliminary injunction issued by U.S. District Court for the Eastern District...more

FOR IMMEDIATE RELEASE: BREAKING DEVELOPMENT U.S. District Court (Eastern District of Texas) Grants Preliminary Injunction Halting...

On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a Memorandum Opinion and Order granting a preliminary injunction that temporarily halts the enforcement of the Corporate Transparency Act...more

Legal Update: Corporate Transparency Act Deadlines and New York Corporate Transparency Act

With the close of summer, businesses across the United States are finally confronting the looming corporate disclosure requirements imposed by the Corporate Transparency Act (CTA) and the New York Corporate Transparency Act...more

2024 Amendments to the Delaware General Corporation Law and Alternative Entity Statutes

On July 17, 2024, Delaware Governor John Carney signed into law the 2024 amendments to the General Corporation Law of the State of Delaware (the “DGCL”), the Delaware Limited Liability Company Act (the “LLC Act”), the...more

Corporate Transparency Act (CTA) Update: Federal Judge Rules CTA Unconstitutional

The decision of the Federal District Court for the Northern District of Alabama in the case of National Small Business United v. Yellen, announced on Friday, March 1, 2024, has created uncertainty for both reporting companies...more

Delaware Regulators Issue First Set of Draft Adult-Use Marijuana Regulations

On February 14, 2024, the Delaware Office of Marijuana Control (OMC) released draft regulations for the state’s adult-use cannabis market. Public comment is due on or before March 29, 2024. These regulations include the rules...more

2023 Amendments to the Delaware General Corporation Law and Alternative Entity Statutes

​On July 17, 2023, Delaware Governor John Carney signed into law the 2023 amendments to the General Corporation Law of the State of Delaware (the “DGCL”), the Delaware Limited Liability Company Act (the “LLC Act”), the...more

Delaware Becomes the 22nd State To Have Fully Legalized Adult-Use Cannabis

On Friday, April 21, 2023, Gov. John Carney issued a press release indicating he would not veto two legalization bills on his desk as he did one year ago, and they would go into effect on Sunday, April 23, 2023. Sources...more

Promoting Cannabis Equity: New York’s Precision Approach in CAURD Licensing

Background On August 25, 2022, after weeks of promotion by the New York Office of Cannabis Management (OCM), the application window has finally opened for adult-use cannabis dispensary licenses in the Empire State. ...more

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