On March 2, 2025, the U.S. Treasury Department made the following announcement regarding the Corporate Transparency Act: Treasury will not enforce any penalties or fines relating to late filing of Beneficial Ownership Information Reports (BOIRs) under the existing regulations. Treasury will not enforce any penalties or fines against U.S. citizens or domestic reporting companies or their beneficial owners following […]
As we previously reported, on January 7, 2025, a second Federal District Court in Texas imposed a nationwide preliminary injunction on enforcement of the Corporate Transparency Act (CTA) in the case of Smith v. U.S. Department of Treasury. That injunction was stayed (lifted) by the same court on February 18, 2025. In a notice dated February 18, […]
As we previously reported, on December 3, 2024, a Federal District Court in Texas imposed a preliminary injunction preventing the U.S. Treasury Department and its Financial Crimes Enforcement Network (FinCEN) from enforcing the Corporate Transparency Act (CTA) against all companies nationwide in the case of Texas Top Cop Shop, Inc. et al. v. Garland. On December […]
Singerman, Mills, Desberg & Kauntz Co., L.P.A., is pleased to announce that Cynthia K. Port has joined the firm as an Of Counsel attorney. Prior to joining the firm, Ms. Port practiced at the Cleveland law firm of Hahn Loeser & Parks LLP. Ms. Port assists individuals in developing complex estate, corporate succession, and asset protection plans. Ms. Port provides […]
On December 23, 2024, the Fifth Circuit Court of Appeals granted a stay of the preliminary injunction preventing the U.S. Treasury Department and its Financial Crimes Enforcement Network (FinCEN) from enforcing the Corporate Transparency Act (CTA) against all companies nationwide. Accordingly, all non-exempt reporting companies are once again required to file their CTA Beneficial Ownership […]
On December 3, 2024, in the case of Texas Top Cop Shop, Inc. et al. vs. Garland, the U.S. District Court for the Eastern District of Texas issued a preliminary injunction which prevents the U.S. Treasury Department and its Financial Crimes Enforcement Network (FinCEN) from enforcing the Corporate Transparency Act (CTA) against all companies nationwide. […]
As you may have heard, on March 1, 2024, the District Court for the Northern District of Alabama ruled that the Corporate Transparency Act of 2020 (“CTA”) is unconstitutional, and the U.S. Treasury Department is permanently enjoined from enforcing the CTA, but only against the two named plaintiffs in that case (Issac Winkles and National Small Business […]
As you may have heard, on March 1, 2024, the District Court for the Northern District of Alabama ruled that the Corporate Transparency Act of 2020 (“CTA”) is unconstitutional, and the U.S. Treasury Department is permanently enjoined from enforcing the CTA, but only against the two named plaintiffs in that case (Issac Winkles and National […]
By: Edmund G. Kauntz, Esq. In early 2021, Congress passed the Corporate Transparency Act of 2020 (the “CTA”) after more than a decade of efforts to implement beneficial ownership reporting for business entities. The CTA establishes reporting requirements for most business entities organized or registered to conduct business in the United States. On September […]
Singerman, Mills, Desberg & Kauntz Co., L.P.A., would like to congratulate Gary S. Desberg, Jeffrey A. Gorski, Evan S. Hirsch, Paul J. Singerman, and Ronald J. Teplitzky on being included in the 2023 edition of The Best Lawyers in America©. Nathaniel D. Tucker has been recognized in 2023 The Best Lawyers in America© “Ones to Watch” awards. Founded in 1983, […]