On January 24, 2025, FinCEN issued additional guidance with respect to the U.S. Supreme Court’s ruling to lift the nationwide injunction issued by a federal judge in Texas that enjoined enforcement of the Corporate Transparency Act (CTA). Due to the fact that a separate nationwide order issued by a different federal judge in Texas remains in place, reporting companies are not currently required to file beneficial ownership information with FinCEN. However, FinCEN has advised that reporting companies may continue to voluntarily submit beneficial ownership information reports.
Compliancenovember 12, 2024
On-demand webinar: Preparing for the Corporate Transparency Act
The Corporate Transparency Act (CTA) requires many U.S. entities and foreign entities registered to do business in the U.S. to file a beneficial ownership information report (BOIR) with the federal government.
Listen to this webinar to ensure you are prepared to meet BOI reporting requirements. We review the basic BOI filing requirements and discuss misconceptions about the CTA, recent guidance from the Financial Crimes Enforcement Network, and ongoing compliance.
Preparing for the Corporate Transparency Act