Monthly Archives: February 2025

Corporate Transparency Act:  New Beneficial Ownership Information Reporting   New Deadline March 21, 2025    Beneficial Ownership Information [BOI] reporting under the Corporate Transparency Act [CTA] is again required, with a new reporting deadline of March 21, 2025, for most companies. For more information on BOI click  here.    What is Beneficial Ownership Information [BOI] Reporting?  Companies in the United States must report information about their beneficial owners—the individuals who ultimately own or control the company—to […]

In early December, we let you know that a federal judge blocked the Corporate Transparency Act. As of December 23, 2024, a panel of judges reinstated the reporting guidelines. Then on December 26th, the Fifth Circuit Court issued an order vacating the December 23rd reinstatement. What is the Corporate Transparency Act The Corporate Transparency Act (CTA) was enacted to prevent corrupt entities from laundering illicit funds through anonymous companies in the United States, specifically to […]