Saunders, Walsh & Beard

Please join us in welcoming Zach Hobbs to SWB! https://lnkd.in/gc-YSitt

Why Everyone Should Consider a Living Trust--Trusts are not just for the wealthy https://lnkd.in/gTsjUwun

When it comes to estate planning in Texas, trusts offer several advantages over wills. Here's why you might consider using a trust instead of a will. https://lnkd.in/gKU6DRTc

Please join us in welcoming Mr. Omar Alahmady to SWB! https://lnkd.in/gGYjV8eh

Chapman Bauerlein Named Partner at SWB

The TL;DR of FinCEN BOIR: On December 27, 2024, the requirement of the FinCEN BOIR is on hold. Stay tuned. Update: On December 27, 2024, the U.S. Court of Appeals for the Fifth Circuit granted a stay of the district court’s preliminary injunction, meaning the Corporate Transparency Act (CTA) filing requirements have been reinstated and most filings will now be due January 13, 2025 instead of the December 31, 2024 prior deadline. However, a Fifth Circuit panel has reinstated a nationwide injunction blocking enforcement of the Corporate Transparency Act, three days after a different panel lifted it. Update: On December 23, 2024, the U.S. Court of Appeals for the Fifth Circuit granted a stay of the district court’s preliminary injunction, meaning the Corporate Transparency Act (CTA) filing requirements have been reinstated and most filings will now be due January 13, 2025 instead of the December 31, 2024 prior deadline.

The TL;DR of FinCEN BOIR: On December 27, 2024, the requirement of the FinCEN BOIR is on hold. Stay tuned. Update: On December 27, 2024, the U.S. Court of Appeals for the Fifth Circuit granted a stay of the district court’s preliminary injunction, meaning the Corporate Transparency Act (CTA) filing requirements have been reinstated and most filings will now be due January 13, 2025 instead of the December 31, 2024 prior deadline. However, a Fifth Circuit panel has reinstated a nationwide injunction blocking enforcement of the Corporate Transparency Act, three days after a different panel lifted it. Update: On December 23, 2024, the U.S. Court of Appeals for the Fifth Circuit granted a stay of the district court’s preliminary injunction, meaning the Corporate Transparency Act (CTA) filing requirements have been reinstated and most filings will now be due January 13, 2025 instead of the December 31, 2024 prior deadline.

UPDATE: In Texas Top Cop Shop v Garland et al. (case 4:24-cv-00478 December 3, 2024), the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction against the enforcement of the Corporate Transparency Act (CTA), questioning its constitutionality and its impact on small businesses. This means that if you have not yet completed the FinCEN Beneficial Ownership Information Report (“BOIR”), you do not need to do so at this time. However, please be aware that this ruling may be overturned in subsequent proceedings so be aware that while the requirement is suspended at this time, it may be revived in time to come. Are You Prepared for the Corporate Transparency Act? Key Insights and Deadlines https://lnkd.in/gGVfBrak

This year, let’s celebrate not just the food on our tables but also the connections we’ve built together. We invite you to share what you’re thankful for in the comments below!

UPDATE: In Texas Top Cop Shop v Garland et al. (case 4:24-cv-00478 December 3, 2024), the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction against the enforcement of the Corporate Transparency Act (CTA), questioning its constitutionality and its impact on small businesses. This means that if you have not yet completed the FinCEN Beneficial Ownership Information Report (“BOIR”), you do not need to do so at this time. However, please be aware that this ruling may be overturned in subsequent proceedings so be aware that while the requirement is suspended at this time, it may be revived in time to come. Are You Prepared for the Corporate Transparency Act? Key Insights and Deadlines https://lnkd.in/gGVfBrak