5 Articles
5 Articles
Corporate Transparency Act Update: Reporting Requirements Now Back in Effect
Beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act (CTA) are now back in effect. As a result, all entities subject to the CTA are once again obligated to file BOI reports with FinCEN. Following the most recent order from the U.S. District Court for the Eastern District of Texas in Smith v. U.S. Department of Treasury, FinCEN’s regulations are no longer stayed. With that being said, FinCEN has exten…
The Corporate Transparency Act is Back in Effect, and Filings Are Due on March 21 (Yikes!) - Cokinos
Just when you thought it was safe to delete all of those emails about the Corporate Transparency Act (“CTA”), a recent court decision has brought the long-dormant law back to life. Most companies now have until March 21 to file their initial CTA reports. Although it is possible the deadline may be extended, the current prospects for an extension are very uncertain. We recommend that companies expeditiously begin the process of preparing their CT…
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