UPDATED December 2024 – The Corporate Transparency Act – Reporting Requirements for Businesses

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DECEMBER 2024 UPDATE – CORPORATE TRANSPARENCY ACT REQUIREMENTS HALTED BY FEDERAL COURT

December 10, 2024

Corporate Transparency Act Requirements Halted by Federal Court A federal court in Texas halted the implementation of the Corporate Transparency Act (CTA).  The current ruling is a preliminary injunction, and we do not yet know whether the injunction will be...

THE CORPORATE TRANSPARENCY ACT REPORTING REQUIREMENTS FOR BUSINESSES

October 7, 2024

The Corporate Transparency Act (“CTA”) was enacted on January 1, 2024 and imposes federal reporting regulations on many small businesses.  The CTA is a law designed to help prevent money laundering and other financial crimes and requires certain business entities...