Day: January 9, 2025

Update on Corporate Transparency Act Enforcement

As of December 26, 2024, reporting companies are not required to submit beneficial ownership information reports (“BOIRs”) with FinCEN, nor will they face penalties for failing to do so while the injunction remains in place. However, businesses can still voluntarily file beneficial ownership reports. On December 23, 2024, a panel from the U.S. Court of […]