News & Analysis as of

Filing Deadlines Filing Requirements Financial Crimes

Shumaker, Loop & Kendrick, LLP

Client Alert: Financial Crimes Enforcement Network (FinCEN) Removes Beneficial Ownership Reporting Requirements for U.S. Companies...

On March 26, 2025, FinCEN announced that “All entities created in the United States – including those previously known as ‘domestic reporting companies’ – and their beneficial owners are now exempt from the requirement to...more

Bond Schoeneck & King PLLC

FinCEN Releases New Interim Final Rule

On Friday, March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) adopted an interim final rule that severely narrows the scope of the requirements to report beneficial ownership information (BOI) under the...more

McDermott Will & Emery

Corporate Transparency Act Update: Reporting Obligations Reinstated

McDermott Will & Emery on

On February 18, 2025, the US District Court for the Eastern District of Texas in Smith v. US Department of the Treasury, No. 6:24-cv-336-JDK, entered an order staying (pausing) the nationwide preliminary injunction against...more

Spilman Thomas & Battle, PLLC

Court Lifts Injunction on Corporate Transparency Act – Most Companies Must File by March 21, 2025

After months of litigation, the Corporate Transparency Act (“CTA”) is once again effective, and most companies subject to the CTA are required to file Beneficial Ownership Information (“BOI”) reports with the U.S. Treasury’s...more

Kerr Russell

CTA Enforcement Reinstated with New Compliance Deadlines

Kerr Russell on

The U.S. District Court for the Eastern District of Texas has stayed the last remaining nationwide injunction against enforcement of the Corporate Transparency Act (CTA) in Smith v. U.S. Department of the Treasury....more

Ballard Spahr LLP

Year-End CTA Filing Deadline Is Quickly Approaching

Ballard Spahr LLP on

The federal Corporate Transparency Act (CTA) became effective on January 1, 2024, and despite multiple challenges and ongoing court cases, the CTA remains in effect. The CTA requires many entities to file beneficial ownership...more

Maynard Nexsen

New Year, New Filings, New Regulatory Burdens and Compliance Costs, Oh My!

Maynard Nexsen on

The Corporate Transparency Act’s Effects on Economic Development Projects. For new economic development projects, it is common for a company to form a new entity as a subsidiary to undertake the project. This custom is...more

Morgan Lewis

FBAR Filing Deadline Again Extended for Certain Individuals

Morgan Lewis on

Certain individuals who have only signature authority over foreign financial accounts now have until April 15, 2022 to file the Report of Foreign Bank and Financial Accounts. On December 9, 2020, the US Department of the...more

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