Jonathan Bernstein的动态

We've published an update to our previous blog on the Corporate Transparency Act based on last month's decision U.S. Circuit Court ruling. It's important to note that the only part of the Act that was held unconstitutional is the requirement?to register, with no parallel challenge to the part that creates a database with FinCEN.?https://lnkd.in/gMvcHPiq

?? BREAKING: Nationwide Injunction Halts Corporate Transparency Act (CTA) On December 3, 2024, a U.S. District Court issued a nationwide preliminary injunction stopping the enforcement of the Corporate Transparency Act (CTA). This means businesses are not currently required to file beneficial ownership information (BOI reports). While the injunction temporarily pauses enforcement, companies should continue preparing for possible future filing deadlines, as the decision may be overturned. Read Casner’s client alert at https://bit.ly/3OP88ST. Questions? Please contact Casner & Edwards attorneys Peter Dunn, Mike Zullas, Steven Ayr, or Drew Douglas-Steele. #CorporateTransparencyAct #CTA #LegalUpdate #BusinessLaw #Compliance #CasnerAndEdwards #RegulatoryChanges

Breaking News for #SMEs who have been worried about complying with the Corporate Transparency Act beneficial ownership information reporting filing deadline: A Texas court has issued a preliminary injunction pausing enforcement of the act by challenging its constitutionality. The injunction is nationwide but it is only preliminary. The issuing judge indicated "reporting companies need not comply" with the filing requirements that apply to reporting companies, including the January 1, 2025, deadline, "pending further order of the Court." Many believe that the new administration may repeal the Corporate Transparency Act as overly burdensome and an invasion of privacy on small business. #compliance, #businesslawyer. https://lnkd.in/eUTWePNf Watch this space for further details.

?? Attention Local Businesses: Are You Ready for the Corporate Transparency Act (CTA)? The Corporate Transparency Act could bring significant changes for small businesses, requiring certain companies to report ownership details directly to the federal government. While the law is currently paused, it's important to be prepared. Failing to comply once it goes into effect could lead to fines and penalties — something no business wants to face! At the Holdrege Chamber, we’re committed to keeping our members informed. Learn what the CTA means for your business and how you can prepare by visiting https://lnkd.in/gYDRdgGn

I spoke with Corporate Transparency Act advisers to learn more about how businesses are reacting to this week's nationwide preliminary injunction, and what to expect from the lawsuit going forward. Catch up with Bloomberg Law: https://lnkd.in/eVneVqHb

A timely update from our associate Michael J. Raposa, Esq. on a preliminary injunction barring enforcement of the Corporate Transparency Act and its Reporting Rule. As the update suggests, businesses should remain cautious given the potential for reversal of this decision and the impact of noncompliance.

12/4/24 Update: A federal court has halted the implementation of the Corporate Transparency Act’s beneficial ownership reporting requirements. This will remain in effect until the conclusion of legal proceedings. As of this update, businesses are not required to comply with the reporting requirements. https://lnkd.in/e5zuQanQ

If you've heard about the Corporate Transparency Act, and wondering about compliance, here's an explainer of the CTA and the latest legal developments, which has pushed back the filing deadline: https://lnkd.in/gYDRdgGn

?? Are you ready for the Corporate Transparency Act (CTA) enforcement deadline? Starting December 31, 2024, businesses must disclose beneficial owners to FinCEN or face hefty penalties, including fines and jail time. Learn what steps to take, exemptions, and how to avoid compliance pitfalls. Stay informed, avoid last-minute stress, and keep your business safe from potential fines and scams. ?? ?? Read the full article for essential insights: https://lnkd.in/ehasDypV

To All Business Owners: A nationwide preliminary injunction has been issued stopping the enforcement of the Corporate Transparency Act ("CTA"). So, if you haven't filed your beneficial ownership reports yet - you just caught a break. But what should you do now?