The Financial Crimes Enforcement Network (“FinCEN”) has issued an interim final rule which effectively ends the obligations of U.S. companies to report their beneficial owners, and which limits the beneficial ownership reporting requirements for foreign entities, pursuant to the Beneficial Ownership Information Reporting Requirements (the “BOI Reporting Rule”) under the federal Corporate Transparency Act (“CTA”).
Treasury Department Suspends Corporate Transparency Act Enforcement Against U.S. Citizens and Domestic Reporting Companies and Limits Enforcement to Foreign Reporting Companies
On Sunday, March 2, 2025, the U.S. Department of the Treasury announced that it is suspending enforcement of fines and penalties under the federal Corporate Transparency Act (CTA) against U.S. citizens and domestic reporting companies.
Court Lifts Nationwide Injunction Against Enforcement of Beneficial Ownership Information Reporting Rule — BOI Reports Due for Most Companies on March 21st
Yesterday, the Financial Crimes Enforcement Network (FinCEN) issued an updated notice stating that the Beneficial Ownership Information Reporting Requirements (BOI Reporting Rule) under the federal Corporate Transparency Act (CTA) are once again in effect after the...
Nationwide Injunction Against Enforcement of Beneficial Owner Information Reporting Rule Remains Despite Supreme Court Action
The on-again, off-again saga of the Beneficial Ownership Information Reporting Requirements (the “BOI Reporting Rule”) under the federal Corporate Transparency Act (the “CTA”) continues. On Thursday, January 23, 2025, in the case of Texas Top Cop Shop, Inc. et al vs....
Nationwide Injunction Against Beneficial Owner Information Reporting Enforcement Reinstated
During Christmas week, the Fifth Circuit United States Court of Appeals issued two rulings relating to a nationwide injunction entered by the U.S. District Court for the Eastern District of Texas against enforcement of the Beneficial Ownership Information Reporting...
Nationwide Preliminary Injunction Entered Against Enforcement of Beneficial Owner Information Reporting Requirements
On December 3, 2024, the United States District Court for the Eastern District of Texas entered a nationwide injunction against enforcement of the Beneficial Ownership Information Reporting Requirements (the “BOI Reporting Rule”) under the federal Corporate...
Corporate Transparency Act Beneficial Owner Information Reporting Requirements Take Effect on January 1, 2024 – What Business Entities Need to Know and Do
The federal government is imposing significant new reporting requirements on businesses throughout the United States. These requirements will take effect on January 1, 2024. It is critical that businesses and their owners and executives carefully evaluate whether they...
OSHA Emergency Temporary Standard Regarding Large Employer Vaccination/Testing Mandate
On November 4, 2021, the Occupational Safety and Health Administration (OSHA) released the 490-page text of its much anticipated Emergency Temporary Standard requiring employers with 100 or more employees to mandate vaccinations and/or testing (the “Rule”). Many...
Vaccination and the Workplace
Both employers and employees are faced with uncertainties as they continue to deal with COVID-related issues. Included among those issues are whether the employer may require vaccinations for the employees. While this area of the law continues to develop, the...
The Georgia Restrictive Covenants Act and a Summary of Cameron Martin v. Hauser, Inc.
Summary The Georgia State-wide Business Court (the “Business Court”) recently clarified several important issues related to restrictive covenants. These clarifications offer words of caution to employers. History of the Georgia Restrictive Covenants Act In 2011,...