Since our December 31, 2024, client alert, there has been a flurry of activity involving all three branches of the federal government regarding

Part two of Anthony Sabino’s two-part series analyzing Texas Top Cop Shop, Inc. v. Garland holding the Corporate Transparency Act unconstitutional and prohibiting its enforcement nationwide.

Once again, Beneficial Ownership Information (BOI) reporting obligations under the Corporate Transparency Act (CTA) have been revived. On February 17, a federal judge lifted the stay he had ordered on January 7 in Smith v.

After nearly a year of legal back-and-forth on whether businesses have to report ownership info to the U.S. Treasury, the requirement is back on. Plus, more trucking news.

The implementation of the Corporate Transparency Act, which requires millions of companies to disclose their true ownership to the government, is back on after a federal judge in Texas reversed an injunction he issued last month.

As has now been well reported, in 2021 Congress enacted the Corporate Transparency Act (the “CTA”), which empowers the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) to collect information about “Beneficial Owners” of certain privately held entities for the purpose of deterring illicit activities through the operation of shell corporations and LLCs.