Category Archives: Corporate Transparency Act (CTA)
Nationwide Injunction on the Corporate Transparency Act-UPDATE
By: Jonathan D. Haile The U.S. District Court for the Eastern District of Texas recently issued a preliminary injunction against the Corporate Transparency Act (CTA): This halts the enforcement of the CTA and having to file BOI by end of the year nationwide. Though not a permanent decision at this point, Reporting Companies under… Read More »
Companies Now Required to Report Beneficial Owner Information to Federal Government
By Kyle D. Winey, Esq. and Melissa L. Ruby, Esq. In 2021, the U.S. Congress enacted the Corporate Transparency Act (“CTA”), a law which authorizes the collection of beneficial ownership information (“BOI”) of domestic and foreign corporations and limited liability companies. This law, purportedly enacted to counter money-laundering schemes and financial terrorism networks, creates… Read More »
