Blake GabrielCorporate Transparency Act (“CTA”) Back in Effect On February 17, 2025 a federal judge in Texas lifted a preliminary injunction that had stopped enforcement of the of the Corporate Transparency Act (“CTA”). As a result, CTA reporting obligations are once again in effect. On February 18, 2025 the Financial Crimes Enforcement Network (FinCEN) issued a statement alerting … Continue Reading
The U.S. Court of Appeals for the Fifth Circuit has once again altered the legal landscape regarding the Corporate Transparency Act (CTA). On December 26, 2024, the court reinstated a nationwide preliminary injunction, pausing the enforcement of the CTA, including the associated filing deadlines. For the moment, companies are once again not required to submit … Continue Reading
On December 23, 2024, the Fifth Circuit Court of Appeals lifted the nationwide injunction on the Corporate Transparency Act (CTA), reinstating its enforceability. As a result, reporting companies and their beneficial owners are once again subject to the CTA’s requirements, necessitating the submission of beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN). In … Continue Reading
Corporate Transparency Act: Nationwide Reporting Temporarily Suspended On December 3, 2024, in Texas Top Cop Shop, Inc., et al v. Garland et al, No. 4:24-cv-00478 (E.D. Tex. Dec. 3, 2024), a Texas federal district court issued a nationwide preliminary injunction halting the enforcement of the Corporate Transparency Act (CTA) by the U.S. Treasury’s Financial Crimes … Continue Reading
Co-Author: Britney Beall-Eder In early 2024, the Federal Trade Commission (FTC) unveiled a groundbreaking proposal to ban most traditional non-compete clauses in employment contracts across the United States. This initiative was part of a broader strategy to enhance economic mobility by removing barriers that inhibit workers from pursuing new employment opportunities, thereby promoting competition, innovation, … Continue Reading
A Brokers Guide for Navigating Colorado’s New Antitrust Requirements and MLS Rules Significant changes are reshaping the real estate landscape following the National Association of REALTORS® (“NAR”) Settlement Agreement entered into on March 15th, 2024 (the “Settlement Agreement”), updated state regulations, and new Multiple Listing Service (“MLS”) rules. These new requirements are designed to eliminate … Continue Reading
Co-Author: John Koechel The Corporate Transparency Act (“CTA”), passed in January 2021, aims to combat money laundering, terrorist financing, and other illicit activities by requiring certain companies to disclose specific information about their beneficial owners to the Financial Crimes Enforcement Network (“FinCEN”). In response to the passage of the CTA, the National Small Business Association … Continue Reading
Co-Author: John Koechel INTRODUCTION In the ever-evolving landscape of legislative initiatives, the passage of new laws is a commonplace occurrence. The enactment of a new federal law often results in minimal impact on most individuals, typically not necessitating any specific actions on their part. The passage of the federal Corporate Transparency Act (“CTA”) is one … Continue Reading
Introduction. For many Americans the dream of owning a second home or investment property is just that, a dream. Dramatic increases in property values paired with recent interest rate hikes have made it more difficult than ever to make that dream a reality. These factors have caused not only families, but also investors, to find … Continue Reading
