The Corporate Transparency Act appears dead on arrival. A US District Court found the Act to be unconstitutional, In a monumental decision that will reshape the legal landscape, an Alabama District Court ruled the Corporate Transparency Act (CTA) unconstitutional on March 1st, 2024. The CTA passed in 2021, required certain small businesses and entities to disclose beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN). This marked a major stride in efforts to combat illicit financial activities but imposed significant and costly reporting obligations on businesses.?Effectively treating small business owners as criminals, and imposing stiff criminal penalties for noncompliance. However, the onerous disclosure mandates ignited fierce debate as business owners decried federal overreach imposing unreasonable burdens amounting to the criminalization of private enterprise. In the case National Small Business United v. Yellen, the court agreed the CTA exceeds federal power and intrudes on state authority over corporate affairs. This precedent-setting verdict erects a significant roadblock to federal regulatory authority over small businesses. It also affirms the supremacy of individual privacy and autonomy rights when balanced against broad transparency initiatives lacking nuance. **Top Implications for Business Owners** - Provides temporary relief from CTA's rigorous reporting obligations. - Creates uncertainty regarding state-by-state requirements going forward. - Necessitates vigilant monitoring of legal changes across jurisdictions. - Underlines the importance of engaging knowledgeable legal advisors. - Opens the door to new balanced legislation reconciling transparency and business interests. - Requires adaptability and proactive legal counsel to maintain a competitive edge. - Creates opportunities to reinforce ethical and transparent operations.
JDKatz, P.C.
律师事务所
Bethesda，MD 176 位关注者
Estate Planning, Trust Administration, and Civil Litigation attorneys offering personal attention with big firm results
关于我们
A full-service law firm, concentrating in Business Law, Civil and Commercial Litigation, Corporate Law, Tax Law, Trusts/Estates Law, Wills/Probate Law, Small Business Administration/8A Companies, Government Contracts, Government Fraud, Waste, and Abuse, Telecommunications, Technology Transactions, and more. Our experienced Bethesda lawyers and professionals approach complex legal problems from a value-oriented business perspective. We are dedicated to maximizing the returns we deliver to our clients while minimizing their costs and risks. Founded in 2000, our firm combines the talents of our attorneys — several of whom have attained LL.M. degrees in taxation — with those of highly qualified MBAs and CPAs, including forensic accountants. We also own a real estate title company, Tiber Creek Settlements. Our founder, Jeffrey D. Katz, began his career in the tax department of Big Four accounting firm KPMG Peat Marwick. Today, JDKatz and its affiliates offer large-firm services in a more intimate and collegial practice setting, without the usual big firm, big-ticket sticker shock. Our unique resources enable us to identify unique solutions to clients’ problems — in a variety of areas of practice — and execute those solutions effectively and efficiently. Many of our clients identify our consultative, team-oriented approach as a refreshing change from the perspective offered by many other law firms. We use state-of-the-art technology to provide our clients with unparalleled access to our attorneys and staff.
- 网站
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https://www.jdkatz.com
JDKatz, P.C.的外部链接
- 所属行业
- 律师事务所
- 规模
- 11-50 人
- 总部
- Bethesda，MD
- 类型
- 私人持股
- 创立
- 2000
- 领域
- Tax Law、Estate Planning、Business Services、Civil and Commercial Litigation、Offshore Accounts、Will and Trust Disputes、Elder Law、Real Property和Captive Insurance
地点
JDKatz, P.C.员工
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Jeffrey Katz
JDKatz, P.C. | Founder & CEO | EO: DC: | Creating value and driving innovation in tax, estate planning, corporate, and business law.
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Carla Mamana
Experienced Estates & Trusts, Real Estate and Business Law Attorney
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Jared Stape
Attorney Specializing in Real Estate, Corporate Law, and Tax Matters | Licensed Real Estate Broker | Bridging Legal and Investment Perspectives
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Corina C.
Virtual Assistant
动态
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Very proud of our Partner, Elizabeth McInturff, who is Washington College of Law/American University's "Mentor of the Month." Elizabeth recognizes the value of mentorship and serves as a mentor for new attorneys, law school students, and undergraduates. Previously she has Chaired the Montgomery County Bar Association's Mentor-Mentee program and authored an article in Washington Lawyer on the importance of mentorships.
Civil, Commercial, and Estate Litigation; Personalized attention, big firm results
As someone who has benefited from the guidance of mentors, I always try to pay it forward and I'm proud to serve as a mentor for new attorneys, law school students, and undergraduates. Every one of my mentors should be named Mentor of the Month in their own right, but I am thrilled to be named "WCL's Mentor of the Month." It's a reminder that we can all make a difference in someone's life. #mentorship #litigation #womeninlaw
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Great Article, and thoughtful insights from JDKatz, P.C. managing Partner, Jeffrey Katz. Hat Tip to Cailin Talbert, J.D., LL.M. and Katelyn Holbrook for perspectives and input!
JDKatz, P.C. | Founder & CEO | EO: DC: | Creating value and driving innovation in tax, estate planning, corporate, and business law.
Have you ever thought about how gender roles affect elder care? It's a topic that I never really considered until I started researching for my latest blog series. As someone who has been working with families and drafting estate plans for 25 years, it's surprising how little attention I paid to this important issue. But in Part II of my new Blog Series, Why Does Nursing Care Often Fall Upon Daughters- Understanding the Gender Bias, we dive deep into how a Medicaid attorney can help navigate the complicated application process. https://lnkd.in/e6smfKEk
Why Does Nursing Care Often Fall Upon Daughters? (Part II)
https://www.jdkatz.com
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Great Perspectives from our founder, Jeffrey Katz. Nice work, Jeff!
JDKatz, P.C. | Founder & CEO | EO: DC: | Creating value and driving innovation in tax, estate planning, corporate, and business law.
So I didn't understand gender bias in elder care until I started researching my newest series of blog posts on the topic. While I've been drafting estate plans and working with families in connection with their elder care issues for the last twenty-five years, I never really focused on the differences in gender roles in connection with who provides care, and how it's provided. Most interesting was the respective outcomes in care, as highlighted in the Blog series: https://lnkd.in/ekd4ikqd
Why Does Nursing Care Often Fall Upon Daughters? (Part I)
https://www.jdkatz.com
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Huge congratulations to JDKatz, P.C.'s legal team for their impressive achievement! Partners Jeffrey Katz and Elizabeth McInturff were recognized as Super Lawyers, while Katelyn Holbrook received the Rising Star title. Their diligence and commitment truly paid off. Kudos! #JDKatzPC #SuperLawyers #RisingStars
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Congratulations to Founder Jeffrey Katz, along with Elizabeth McInturff and Katelyn Holbrook for their inclusion on 2024 Maryland Super Lawyer and Rising Stars list! The 2024?Maryland?Super?Lawyers?list is "an honor reserved for those?lawyers?who exhibit excellence in practice. Only?5% of attorneys in?Maryland?receive this distinction." Only the 2.5% of attorneys make the Rising Star list.
Civil, Commercial, and Estate Litigation; Personalized attention, big firm results
Thrilled to join Jeffrey Katz (SuperLawyer!) and Katelyn Holbrook (Rising Star!) in Maryland's 2024 Super Lawyers list for Civil Litigation!
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Congratulations to Elizabeth McInturff, who recenty hosted a CLE on Civil Litigation Trial Techniques #litigation #civillitigation #cle https://lnkd.in/gX8rJJ4T
Civil, Commercial, and Estate Litigation; Personalized attention, big firm results
Earlier this year I hosted a podcast on civil litigation trial tactics. Not to be biased, but I think it's pretty great and you should check it out.
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