Jan 1, 2025 | Business & Corporate
The required December 31, 2024 compliance deadline for the Corporate Transparency Act (CTA) has been influx again this week. Here is a timeline and where compliance with the CTA is as of today, December 31, 2024: December 3, 2024: The Federal District Court for the...
Dec 6, 2024 | Business & Corporate
With less than a month until the December 31, 2024 deadline for millions of small businesses throughout the U.S. to file their FinCEN beneficial ownership interest report, a Federal Court in Texas has issued a preliminary injunction against the enforcement of the...
Jul 1, 2024 | Business & Corporate
By Jenifer S. Schembri, Esq., Matthew J. Lapointe, Esq., and Michael R. Huckle, Esq. On September 29, 2022, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued its final rule on the reporting requirements of beneficial...
Jul 1, 2024 | Business & Corporate
There are two basic ways to sell a business: a stock deal or an asset deal. In a stock deal, the owners of the selling company sell their equity interests to the buyer, whereas in an asset deal the seller business entity sells all its assets to a buyer entity. After...
Jan 5, 2024 | Business & Corporate
On September 29, 2022, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued its final rule on the reporting requirements of beneficial ownership information under the Corporate Transparency Act (the “CTA”).[1] The final rule...
Jun 12, 2023 | Business & Corporate
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued its final rule on the reporting requirements of beneficial ownership information under the Corporate Transparency Act (CTA)* on September 29, 2022. The final rule will become...
