The CTA is ON HOLD! Sort of.
Thursday evening FinCEN announced its intention not to enforce the pending March 21 reporting deadline.
As I wrote just over a week ago, the Financial Crimes Enforcement Network ("FinCEN") issued a new March 21 reporting deadline.
In the … Continue Reading
Yesterday I posted a Corporate Transparency Act (CTA) update advising that a 3-judge panel of the Fifth Circuit Court of Appeals had cancelled the nationwide injunction on CTA enforcement issued by a district court. FinCEN then quickly announced a new January 13 compliance … Continue Reading
Last Monday, December 23, the Fifth Circuit Court of Appeals stayed the nationwide injunction issued by a Texas federal district court against enforcement of the Corporate Transparency Act (“CTA”). English translation: The CTA is back on.
Rather than sticking to the original … Continue Reading
Extremely Important Update
On November 19, 2024, I posted information about the Corporate Transparency Act ("CTA"). The CTA requires almost all small businesses organized either as a corporation or an LLC to report detailed information regarding both the entity and personal … Continue Reading
If you are at all involved with a small corporation or limited liability company, you MUST read this. Your life may be about to change. Especially if you would like to avoid a potential $10,000 fine or a two year stay at Club Fed. You have until January 1, 2025, to comply. … Continue Reading