Articles and Blogs

On March 21, 2025, the Financial Crimes Enforcement Network (“FinCEN) released an interim final rule that removes the requirement for U.S. domestic companies and persons to report beneficial ownership information (“BOI”) to FinCEN under the Corporate Transparency Act (“CTA”). Under the interim final rule, FinCEN revised the definition of a “reporting company” to include... READ MORE

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