Articles and Blogs

On February 18, 2025, the United States District Court for the Eastern District of Texas lifted a nationwide preliminary injunction that prevented Corporate Transparency Act (“CTA”) enforcement, allowing the Financial Crimes Enforcement Network (“FinCEN”) to reinstate the CTA’s beneficial ownership reporting obligations. Immediately following the decision, FinCEN issued a statement extending the CTA’s reporting... READ MORE

On December 23, 2024, a three-judge panel of the United States Court of Appeals for the Fifth Circuit revived the enforceability of the Corporate Transparency Act (“CTA”). A federal district court in Texas previously issued a nationwide preliminary injunction preventing the federal government from enforcing the CTA. What does this mean for health care... READ MORE

On December 3, 2024, the United States District Court for the Eastern District of Texas (“the Court”) issued a nationwide preliminary injunction that prevents the federal government from enforcing the Corporate Transparency Act (“CTA”). As a result—and for the time being—millions of entities across the United States are no longer required to submit beneficial... READ MORE

The deadline for compliance with the Corporate Transparency Act (“CTA”) is quickly approaching with millions of organizations throughout the United States required to submit beneficial ownership information to the Financial Crimes Enforcement Network (“FinCEN”) prior to the January 1, 2025 deadline. If you have questions about your entity’s reportability under the CTA, please seek... READ MORE

On March 1, 2024, the United States District Court for the Northern District of Alabama ruled that the Corporate Transparency Act (the “CTA”) is unconstitutional because it exceeds Congress’s enumerated powers under the United States Constitution. The CTA, enacted on January 1, 2024, mandates the creation of the Beneficial Ownership Secure System database and... READ MORE

Starting January 1, 2024, many privately-owned entities will be exposed to ongoing disclosure and reporting obligations required by the Corporate Transparency Act (“CTA”). The goal of the CTA is to strengthen national security and the integrity of the U.S. financial system by making it more difficult for illicit actors to use shell companies for... READ MORE