Category: News

For the past few weeks, small business owners, individuals and other entities subject to the Beneficial Ownership Reporting Requirements (“BOIR”) under the Corporate Transparency Act (“CTA”) were relieved of the obligation to report such information to FinCEN due to the stay of the deadline which resulted from a federal court order in the Eastern District…

A federal district court in Texas issued a preliminary injunction temporarily barring the federal government from enforcing the Corporate Transparency Act (CTA) and its beneficial ownership information reporting (BOI) requirements. The plaintiffs in the lawsuit claimed Congress exceeded its authority under the U.S. Constitution and the judge for the U.S. District Court for the Eastern District…